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If a Good Has Unitary Price Elasticity of Demand, Then

Question 20

Multiple Choice

If a good has unitary price elasticity of demand, then the absolute value of the percentage change in _____ equals _____.


A) quantity demanded; one
B) price; one
C) quantity demanded; the absolute value of the corresponding percentage change in price
D) price; the absolute value of the percentage change in quantity demanded, plus one

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