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When a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and
When a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be Blank______. Multiple choice question. elastic inelastic in high demand unaffected
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
