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If the quantity of product X demanded increases from 10,000 to 14,000 units, then it suggests that the price of X was ? A) decreased
If the quantity of product X demanded increases from 10,000 to 14,000 units, then it suggests that the price of X was ?
A) decreased and the demand is inelastic.
B) reduced and the demand is elastic.
C) increased and the demand is inelastic.
D) increased and the demand is elastic.
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