True or False: 1)If the price elasticity of demand is equal to 1, then demand is unit elastic

Subject:EconomicsPrice:4.88 Bought3

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True or False:

1)If the price elasticity of demand is equal to 1, then demand is unit elastic.

2)If the income elasticity of demand for a good is negative, then the good must be an inferior good.

3)The cross-price elasticity of demand measures how the quantity demanded of one good changes as the price of another good changes.