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    Principles of Microeconomics Study Set 4
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    Exam 5: Elasticity: a Measure of Response
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    An Important Determinant of the Price Elasticity of Demand Is
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An Important Determinant of the Price Elasticity of Demand Is

Question 87

Question 87

Multiple Choice

An important determinant of the price elasticity of demand is the:


A) time period.
B) price of related goods.
C) level of technology.
D) quantity of the good supplied.

Correct Answer:

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