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If the Demand for a Good Is Currently Elastic, Then

Question 88

Multiple Choice

If the demand for a good is currently elastic, then


A) the percentage change in quantity demanded of the good is greater than the percentage change in price of the good.
B) the percentage change in quantity demanded of the good is less than the percentage change in price of the good.
C) the percentage change in quantity demanded of the good is equal to the percentage change in price of the good.
D) quantity demanded of the good is not responsive to changes in the price of the good.

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