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Which of the following is true if demand is inelastic? A.The price elasticity of demand will be less than 1 in absolute value. B.The percentage

Which of the following is true if demand is inelastic?

A.The price elasticity of demand will be less than 1 in absolute value.

B.The percentage in price will be less than the percentage change in quantity demanded.

C.There are many substitutes for the good in question.

D.All of the above

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