Janet has a magazine stand in the city. When the price of a magazine is $6.50, the quantity demanded is 600 per month. She wanted to experiment to find out if lowering the price ends up getting her a greater revenue. She decreased the price of a magazine to $5.75, and the quantity demanded increased to 800. From this information, we can conclude that the demand for Janet's magazine is elastic. O perfectly inelastic. unit elastic. inelastic.

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