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Economics

When quantity moves proportionately to the same amount as price, demand is:

a. elastic, and the price elasticity of demand is 1.

b. perfectly elastic, and the price elasticity of demand is infinitely large.

c. perfectly inelastic, and the price elasticity of demand is 0.

d. unit elastic, and the price elasticity of demand is 1.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91520658

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