If the price of 'X' rises by 10 percent and the quantity demanded fall – InterviewSolution

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1.

If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has

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Unitarily ELASTIC demand

If the price of 'X' rises by 10 percent and the QUANTITY demanded falls by 10 percent, 'X' has Unitarily elastic demand.

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