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When the price of Product A is raised by 1 percent, its sales drop by 0.06 percent. When the price of Product B is raised
When the price of Product A is raised by 1 percent, its sales drop by 0.06 percent. When the price of Product B is raised by 1 percent, its sales drop by 1.5 percent. This means that demand for Product A is _______, while demand for Product B is ________. A: elastic, inelastic B: partially elastic, inelastic C: inelastic, elastic D: elastic, partially elastic
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