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    Economics Principles and Policy Study Set 2
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    Exam 6: Demand and Elasticity
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    Why Do Economists Measure Responsiveness of Demand to Price in Percentage
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Why Do Economists Measure Responsiveness of Demand to Price in Percentage

Question 208

Question 208

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Why do economists measure responsiveness of demand to price in percentage changes rather than in absolute changes?

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Different units of measurement will give...

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