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QUESTION 1 8 If the price of a six - pack of Pepsi falls from $ 4 to $ 3 and the quantity purchased increases

QUESTION

18

If the price of a six

-

pack of Pepsi falls from $

4

to $

3

and the quantity purchased increases

80

percent, then demand is

.

perfectly elastic.

.

inelastic.

.

elastic.

.

perfectly inelastic.

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