question archive 1)Coal is required to make steel
1)Coal is required to make steel
Subject:EconomicsPrice:2.88 Bought3
1)Coal is required to make steel. Hence, the price elasticity of demand for coal by steel manufacturers will be
a. unit elastic.
b. perfectly elastic.
c. elastic.
d. inelastic.
2)Explain the three possible ranges for price elasticity of demand.
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