question archive If the absolute value of the elasticity of demand is greater than 1, demand is _____
If the absolute value of the elasticity of demand is greater than 1, demand is _____
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If the absolute value of the elasticity of demand is greater than 1, demand is _____. If the elasticity of demand equals zero, demand is _____.
a. elastic, perfectly inelastic
b. elastic, perfectly elastic
c. inelastic, perfectly inelastic
d. inelastic, perfectly elastic
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