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jadegoat188Lv1
18 Aug 2020
Most economists report the elasticity of demand as:
a. the absolute value of the actual number.
b. a negative number, since price and quantity demanded move in opposite directions.
c. a percentage, since both the numerator and denominator are percentages.
d. a dollar amount, since we are measuring the change in price.
Most economists report the elasticity of demand as:
a. the absolute value of the actual number.
b. a negative number, since price and quantity demanded move in opposite directions.
c. a percentage, since both the numerator and denominator are percentages.
d. a dollar amount, since we are measuring the change in price.
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Sonia DhawanLv10
28 Sep 2020