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(Solved): If a 10 percent increase in the price of a good leads to a 25 percent decrease in the quantity deman ...



If a 10 percent increase in the price of a good leads to a 25 percent decrease in the quantity demanded of the good, demand isrelatively inelasticrelatively elasticunit elasticperfectly elasticperfectly inelasticIf a 10 percent increase in the price of a good leads to a 25 percent decrease in the quantity demanded of the good, demand isrelatively inelasticrelatively elasticunit elastic



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