Determining price of beans

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Reference no: EM1366684

Assume the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be ______

A) perfectly elastic.

B) relatively elastic.

C) relatively inelastic.

D) perfectly inelastic.

Reference no: EM1366684

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