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Advanced Placement (AP), 08.02.2021 18:40 bella122805

Which of these describes a situation of elastic demand? A. A store increases the price of tea, and revenues increase.
B. A gas station increases its prices by 10%, and business drops way
off.
C. The price of peanuts rises by 10%, and the quantity sold falls by
10%.
O D. A drug company increases the price on a drug, and sales remain
strong.

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