Suppose a 10% increase in the price of aspirin leads to a 5% decrease in the quantity demanded of aspirin. The demand for aspirin, therefore, is

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Suppose a 10% increase in the price of aspirin leads to a 5% decrease in the quantity demanded of aspirin. The demand for aspirin, therefore, is

A.elastic.

B.inelastic.

C.perfectly inelastic.

D.unit elastic.

正确答案:inelastic.

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