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Elastic demand means that if the price of a good changes demand will adjust accordingly. True or false?

Elastic demand means that if the price of a good changes demand will adjust accordingly. True or false?
asked 75.3k views
1 vote
Elastic demand means that if the price of a good changes demand will adjust accordingly.

True or false?

asked
User Emirhan Soylu
by
7.3k points

1 Answer

4 votes

Answer:

The answer to your question would be true.

answered
User Bulat
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9.1k points
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