Suppose the price elasticity of demand 1.15 If? so, then the demand for cereal is ?elasticor inelast

Suppose the price elasticity of demand 1.15 If​ so, then the demand for cereal is ​elasticor inelastic. In another​ example, assume the price elasticity of demand for aparticular magazine is negative .1.16 The demand for the magazine is inelastic. or .• Elastic . . .

 
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