The price elasticity of demand depends on
A) the units used to measure price and the units used to measure quantity.
B) the units used to measure price but not the units used to measure quantity.
C) the units used to measure quantity but not the units used to measure price.
D) neither the units used to measure price nor the units used to measure quantity.
Question 2
In the above figure, which movement illustrates the impact of a rising price level and a constant money wage rate?
A) E to I
B) E to F
C) E to G
D) E to K
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