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While chatting with Melanie, she mentioned some analysis done by some external consultants for her construction business earlier in the year. They had found that

While chatting with Melanie, she mentioned some analysis done by some external consultants for her construction business earlier in the year. They had found that the Price Elasticity of Demand for the homes she built was 0.9 between the price points of $25000 and $26000. Are these homes inelastic, elastic or unitary elastic?

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