Which of the following statements about elasticity of demand is false? a. a consumer with highly elastic demand for a good is very responsive to price changes. b. demand for a good can be highly elastic at one price and inelastic at a different price. c. if the elasticity of demand for a good at a certain price is equal to or less than one, demand is elastic. d. to calculate elasticity, divide the percentage change in the demand of a good by the percentage change in its price.
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Which of the following statements about elasticity of demand is false? a. a consumer with highly el...
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