Business, 09.07.2019 13:40 amcalfie

Assume that when the price of good x is $5.00, the quantity demanded is 20 units. when the price is decreased to $3.00, the quantity demanded increases to 20 units. under these circumstances, the demand is: a. elastic. b. unit elastic. c. perfectly elastic. d. inelastic.

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Assume that when the price of good x is $5.00, the quantity demanded is 20 units. when the price is...