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If the demand for bacon is relatively elastic, a 10 percent decline in the price of bacon will.

Sagot :

depresedsunflower

Answer:

If demand for a product is elastic, the value of the price elasticity coefficient is: greater than one. If the demand for bacon is relatively elastic, a 10 percent decline in the price of bacon will: increase the amount demanded by more than 10 percent.

Explanation:

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