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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
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    Explain Why Economists Care About the Price Elasticity of Demand
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Explain Why Economists Care About the Price Elasticity of Demand

Question 142

Question 142

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Explain why economists care about the price elasticity of demand. What does it tell us?

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The price elasticity of demand tells us ...

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