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If E1 Is the Demand Elasticity for a Product After

Question 54

Multiple Choice

If E1 is the demand elasticity for a product after a price change has been in effect one day,E2 is the demand elasticity for that product after one week,and E3 is demand elasticity for that product after one month,


A) |E1| > |E2| > |E3|
B) |E2| > |E3| > |E1|
C) |E3| > |E1| > |E2|
D) |E3| > |E2| > |E1|

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