question archive When demand is _____ a percentage change in _____ is exactly offset by the same percentage change in _____ demanded, the net result being constant total consumer expenditure
When demand is _____ a percentage change in _____ is exactly offset by the same percentage change in _____ demanded, the net result being constant total consumer expenditure
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When demand is _____ a percentage change in _____ is exactly offset by the same percentage change in _____ demanded, the net result being constant total consumer expenditure.
a) elastic; price; quantity.
b) unit elastic; price; quantity.
c) inelastic; quantity; price.
d) inelastic; price; quantity.
e) none of the above.
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