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Need help on this question. Thank you! If the demand for cars is relatively elastic, which of the following is likely true?
Need help on this question. Thank you!
If the demand for cars is relatively elastic, which of the following is likely true?
A. Product demand for resources making cars would be elastic.
B. Product demand for resources making cars would be inelastic.
C. Product demand will increase.
D. Product demand will decrease.