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When BAT reduces the price of cigars by 1%, consumer demand for its cigars increases by 5%. What do we know about BAT's elasticity of

When BAT reduces the price of cigars by 1%, consumer demand for its cigars increases by 5%. What do we know about BAT's elasticity of demand? Is it considered either elastic or inelastic?

Elasticity of demand: 5 or 1/5?

Inelastic or Elastic?

No other responses or considerations/responses required.

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