Economics · Elasticity of Demand
If the elasticity of demand (e) satisfies the condition 1 > e > 0, the demand is said to be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Relatively inelastic✓
- 2Relatively elastic
- 3Perfectly inelastic
- 4Perfectly elastic
Correct answer
Relatively inelastic
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