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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.3
Unit 2 – Supply and Demand
2.3 Price Elasticity of Demand
mixed difficulty
If a good has a price elasticity of demand coefficient of -2, what can be concluded?
The demand is inelastic
The demand is unit elastic
The demand is perfectly elastic
The demand is elastic
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AP Microeconomics - 2.3 Price Elasticity of Demand
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Price Elasticity of Demand
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