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21. Whe n the price of oil is $20 a barrel, 25 million barrels are demanded...

21. Whe n the price of oil is $20 a barrel, 25 million barrels are demanded each day, but when the price of oil is $30 a barrel, only 20 million barrels are demanded. We can conclude that the demand for oil is

A. relatively elastic

B. perfectly elastic

C. perfectly inelastic

D. relatively inelastic

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