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Question
When the price of a pound of apples is $1.00, 7500 pounds of apples are demanded. When the price of a pound of apples decreases to $0.80, 10,000 pounds of apples are demanded. In this price range the demand for apples is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
Answer
This answer is hidden. It contains 1 characters.
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