If the Price Elasticity of Demand for Water Is Inelastic

question 173

Multiple Choice

If the price elasticity of demand for water is inelastic, which of the following could be a possible value of the elasticity?

• A) 2
• B) 1
• C) 0.5
• D) all of the above

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Definitions:

Replication

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Naturalistic Observation

An investigatory technique that involves monitoring individuals in their natural surroundings without the observer making any changes.