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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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    The Concept of Price Elasticity of Demand Is Most Closely
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The Concept of Price Elasticity of Demand Is Most Closely

Question 153

Question 153

Multiple Choice

The concept of price elasticity of demand is most closely related to:


A) the equilibrium price.
B) the equilibrium quantity.
C) a movement along the demand curve.
D) a shift in the demand curve.

Correct Answer:

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