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Business, 30.11.2021 01:00 ijohnh14

A 4% increase in the price of beer will cause a 1% decline in the quantity of beer demanded. The demand for beer is: Group of answer choices elastic. unitary elastic. inelastic. elastic at 4 (in absolute value).

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A 4% increase in the price of beer will cause a 1% decline in the quantity of beer demanded. The dem...
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