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when the price of commodity A is cut by 10% household spending on A falls by 10%. this is an example of: Select one: A.
when the price of commodity A is cut by 10% household spending on A falls by 10%. this is an example of:
Select one:
A. Inelastic demand
B. Perfectly inelastic demand
C. Elastic demand
D. Perfectly elastic demand
E. Unitary elasticity of demand
Please advise
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