When the percentage change in price is more (in absolute terms) than the percentage change in quantity demanded, then what do we have? O A normal good O An inferior good O A good with an elastic demand A good with an inelastic demand
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Question: When the percentage change in price is more (in absolute terms) than the percentage change in quantity demanded, then what do we have? O A normal good O An inferior good O A good with an elastic demand A good with an inelastic demand
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