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The price of a good rises from N5 to N8 and the quantity demanded falls...

Economics
JAMB 2003
The price of a good rises from N5 to N8 and the quantity demanded falls from 200 to 190 units Over this price range, the demand curve is
  • A. perfectly inelastic
  • B. fairly inelastic
  • C. perfectly elastic
  • D. fairly elastic
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Correct Answer: Option B
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