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Author Question: The elasticity is the ratio of the percentage change in the quantity divided by the percentage ... (Read 106 times)

MGLQZ

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on: Mar 3, 2019
The elasticity is the ratio of the percentage change in the quantity divided by the percentage change in the price. Which of the following statement(s) is true about elasticity?
◦ The bigger the percentage change in quantity relative to the percentage change in price, the more elastic is demand.
◦ When price changes by more than quantity, the demand is said to be elastic.
◦ When quantity changes by more than price, the demand is said to be inelastic.
◦ When quantity changes by more than price, the demand is said to be elastic.
◦ both A and D
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Marked as best answer by MGLQZ on Mar 3, 2019

ndhahbi

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Reply #1 on: Mar 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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MGLQZ

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Reply #2 on: Mar 3, 2019
TY


ndhahbi

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Reply #3 on: Mar 3, 2019
You're welcome


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