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  • 25-03-2024
  • Business
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Peter's monthly income increases from 1,500 to1,600. As a result, he increases the number of DVDs he buys per month from 2 to 3. Peter's demand for DVDs is ________.
1) Perfectly elastic
2) Perfectly inelastic
3) Unit elastic
4) Relatively elastic
5) Relatively inelastic

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