Demand is said to be elastic when the: a. percentage change in quantity demanded is less than the percentage change in price. b.. percentage change in quantity demanded is greater than the percentage

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Demand is said to be elastic when the:

a. percentage change in quantity demanded is less than the percentage change in price.

b.. percentage change in quantity demanded is greater than the percentage change in price.

c. change in quantity demanded is less than the change in price.

d. change in quantity demanded is greater than the change in price.

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