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QUESTION 4 If the quantity of walkie-talkies supplied increases by 5 percent when price increases by 12 percent, then the demand for walkie-talkies is elastic.

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QUESTION 4 If the quantity of walkie-talkies supplied increases by 5 percent when price increases by 12 percent, then the demand for walkie-talkies is elastic. O the supply of walkie-talkies is elastic. the demand for walkie-talkies is inelastic. the supply of walkie-talkies is inelastic

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