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Business, 14.11.2019 21:31 princessgabbee8452

The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of demand. when the percentage change in the quantity demanded for a good or service is less than the percentage change in price, the demand for that good or service is and the price elasticity coefficient is . inelastic, less than 1b. elastic, greater than 1c. unitary, equal to 1

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