Business
Business, 07.11.2019 00:31, leannamat2106

Consider these situations. in each situation, is the demand for the good elastic or inelastic?

as the price of flat-screen televisions decreases, the quantity demanded increases significantly

as the price of bread decreases, the quantity demanded changes only slightly.

as the price of a drug used to treat heart disease increases, the quantity demanded remains unchanged.

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Answers: 1

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Consider these situations. in each situation, is the demand for the good elastic or inelastic?

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