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    Business
  3. Study Set
    The Economics of Managerial Decisions
  4. Exam
    Exam 3: Measuring and Using Demand
  5. Question
    Economists Have Defined the Price Elasticity of Demand Using Percentages
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Economists Have Defined the Price Elasticity of Demand Using Percentages

Question 84

Question 84

True/False

Economists have defined the price elasticity of demand using percentages because percentages do not depend on the unit of measurement.

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