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If the prices of shoes falls from $100 to $80 and the amount sold increases by 12% it can be concluded that -demand shoes is
If the prices of shoes falls from $100 to $80 and the amount sold increases by 12% it can be concluded that
-demand shoes is elastic
-The demand for shoes is perfectly inelastic
-demand shoes is perfectly elastic
-The demand for shoes is inelastic
-The demand for shoes has unit elasticity
DONT NEED EXPLANATION
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