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Question
When the price of a ukulele is $1000, 60 ukuleles are demanded; and when the price of a ukulele goes up to $1200, 30 ukuleles are demanded. In the price range between $1000 and $1200 the demand for ukuleles is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
Answer
This answer is hidden. It contains 1 characters.
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