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    Economics Principles and Policy Study Set 1
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    Exam 6: Demand and Elasticity
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    Elasticity of Demand Equals the Ratio of the Percentage Change
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Elasticity of Demand Equals the Ratio of the Percentage Change

Question 178

Question 178

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Elasticity of demand equals the ratio of the percentage change in quantity demanded to the percentage change in the price of the good.

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