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Suppose the demand for a product

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Suppose the demand for a product is such that the SE of a price change is equal to zero.

1. The product must be an inferior good.

2. The product must be a normal good.

3. There are many substitutes for the product.

4. There are no substitutes for the product.

5. None of the above statements are true.

Reference no: EM131596384

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