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The price of product X is reduced from $50 to $45 and, as a result, the quantity demanded increases from 120 to 140 units. Therefore,

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The price of product X is reduced from $50 to $45 and, as a result, the quantity demanded increases from 120 to 140 units. Therefore, demand for X in this price range Multiple Choice O has declined. O is of unit elasticity O is inelastic. O is elastic. pe here to search O

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