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A given percentage change in price results in an equal percentage change in sales,indicates:

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Question:

A given percentage change in price results in an equal percentage change in sales,indicates:

A.

unitary price elasticity

B.

inelastic price elasticity

C.

elastic price elasticity

D.

none

Answer» a. unitary price elasticity

Note: The above multiple-choice question is for all general and Competitive Exams in India.