Assume the demand for a good is price inelastic

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Assume the demand for a good is price inelastic. This means that if price decreases by 50 percent, quantity demanded will; 1. increase by less than 50 percent 2. increase by more than 50 percent 3. decrease by less than 50 percent 4. decrease by more than 50 percent.

Reference no: EM13770728

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