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Which of the following statements describes an elastic demand? C: A. Mary's quantity demanded of milk decreased by 8 percent when the price of milk

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Which of the following statements describes an elastic demand? C: A. Mary's quantity demanded of milk decreased by 8 percent when the price of milk rose by 5 percent. Q B. Tom's demand for apples does not change when the price of bananas rises. C\": C. Afall in Ralph's income by 5 percent changes his demand for chocolates by 1 percent. C) D. I can't afford as many books because my income has fallen

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