Moving along a demand curve, quantity demanded decreases 8 percent when price increases 10 percent. a. The price elasticity of demand is calculated to be b. Given the price elasticity calculated in part a, demand is (elastic, inelastic, unitary elastic) along this portion of the demand curve. c. For this interval of demand, the percentage change in quantity in absolute value is (greater than, less than, equal to) the percentage change in price in absolute value. | Numerade

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