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when the price of a given product is reduced from N100 to N90, the quantity demanded ...

when the price of a given product is reduced from N100 to N90, the quantity demanded increases from 50 to 60 units. From this we can conclude that the product's

A. demand is elastic
B. demand is inelastic
C. demand is perfectly inelastic
D. supply is not elastic
E. demand has decline




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