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QUESTION
If the percentage change in quantity demanded for a product is greater than zero and is smaller than the percentage change in price that caused it,...
If the percentage change in quantity demanded for a product is greater than zero and is smaller than the percentage change in price that caused it, then demand for the good is
a.infinitely elastic.
b.inelastic.
c.unit elastic.
d.perfectly inelastic.
e.elastic.
