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    Microeconomics
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    Exam 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing
  5. Question
    The Greater the Price Elasticity of Market Demand, the Less
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The Greater the Price Elasticity of Market Demand, the Less

Question 28

Question 28

True/False

The greater the price elasticity of market demand, the less will be the reduction in market output from a price floor.

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