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If the absolute value of the price elasticity of demand for a good is. 75, the demand for that good is described as.

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Answer:

Inelastic

Explanation:

Demand that is inelastic due to price is defined as having a demand elasticity of less than 1.

Demand for a commodity is said to be less elastic or inelastic when the percentage change in the quantity requested is smaller than the percentage change in price.

Typically, a steeper demand curve illustrates it.

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