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Q:

Demand is said to be more elastic when

  • 1
    A small change in price leads to a large change in demand
  • 2
    A small change in price leads to a small change in demand
  • 3
    Large change in price leads to small change in demand
  • 4
    There is no change in demand due to a large change in price
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Answer : 4. "There is no change in demand due to a large change in price"

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