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QUESTION
(9) A good is considered to have elastic demand if(note the | | symbol indicates absolute value, i., the value you get when you remove the negative...
(9) A good is considered to have elastic demand if (note the | | symbol indicates absolute value, i.e., the value you get when you remove the negative sign from a number).
A. elasticity is positive
B. |elasticity| > 3
C. |elasticity| > 1
D. |elasticity| < 1
E. |elasticity| = 0
I am lost
