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When a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be

When a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be
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when a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be

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User Erina
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1 Answer

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Elastic

Hope it helps you!
answered
User Wonderman
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