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Which definition below defines perfectly elastic demand? A change in price of one good affects a consumer's decision to purchase a different good. Any change
Which definition below defines perfectly elastic demand?
- A change in price of one good affects a consumer's decision to purchase a different good.
- Any change in price always results in a very significantchange in demand.
- This is a situation in which a change in price will never change a consumer's decision to buy a certain good.
- This is the degree to which demand changes inresponseto achange of price.
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