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The following are characteristics related to a good with a highly Inelastic demand, EXCEPT: Question 2 options: The consumer has little sensitivity to any change

The following are characteristics related to a good with a highly Inelastic demand, EXCEPT: Question 2 options: The consumer has little sensitivity to any change in price for that good. Own price elasticity of demand, in absolute terms, is less than one. The % change in quantity is smaller than the corresponding % change in price. If price decreases, total revenue will increase

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