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QUESTION
Suppose the demand for a product is such that the SE of a price change is equal to zero. The product must be an inferior good. The product must be a...
Suppose the demand for a product is such that the SE of a price change is equal to zero.
1. The product must be an inferior good.
2. The product must be a normal good.
3. There are many substitutes for the product.
4. There are no substitutes for the product.
5. None of the above statements are true.
