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If the absolute value of the price elasticity of demand for grapes is 1.18, then the elasticity of demand of a fruit should be Group
If the absolute value of the price elasticity of demand for grapes is 1.18, then the elasticity of demand of a fruit should be Group of answer choices equal to infinity because a fruit is universally available. less then 1.18 in absolute value. greater than 1.18 in absolute value. equal to zero because a fruit is a necessity
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
