If the Demand for Product X Is Inelastic, a 4

question 148

Multiple Choice

If the demand for product X is inelastic, a 4 percent decrease in the price of X will

• A)decrease the quantity of X demanded by more than 4 percent.
• B)decrease the quantity of X demanded by less than 4 percent.
• C)increase the quantity of X demanded by more than 4 percent.
• D)increase the quantity of X demanded by less than 4 percent.

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