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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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    By Knowing the Price Elasticity of Demand, Economists Can Anticipate
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By Knowing the Price Elasticity of Demand, Economists Can Anticipate

Question 23

Question 23

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By knowing the price elasticity of demand, economists can anticipate the size of shifts in the supply of a commodity, such as oil.

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