When quantity moves proportionately to same amount as price

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When quantity moves proportionately to the same amount as price, demand is:

a. elastic, and the price elasticity of demand is 1.

b. perfectly elastic, and the price elasticity of demand is infinitely large.

c. perfectly inelastic, and the price elasticity of demand is 0.

d. unit elastic, and the price elasticity of demand is 1.

Reference no: EM13859897

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