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In the P1 to P2 price range, we can say: Picture nothing concerning Price elasticity of Demand. that demand is inelastic with respect to price.
In the P1 to P2 price range, we can say: Picture nothing concerning Price elasticity of Demand. that demand is inelastic with respect to price. that demand is elastic with respect to price. that consumer purchases are relatively insensitive to price changes
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
