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Social Studies, 02.06.2020 00:02 kohat485

11. The term "inelastic
(1) Describes demand that is not very
sensitive to a change in price.
(2) Describes demand that is very seasitive
to a change in price.
(3) Describes demand whose elasticity is
exactly equal to 1.
(4) Refers to how consumers make
substitutions.

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11. The term "inelastic
(1) Describes demand that is not very
sensitive to a change in p...
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