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If the numerical value of the price elasticity of demand is 3, then a one-percent change in price will cause a(n) Group of answer choices larger percentage change in quantity demanded, so demand is elastic larger percentage change in quantity demanded, so demand is inelastic smaller percentage change in quantity demanded, so demand is elastic smaller percentage change in quantity demanded, so demand is inelastic equal percentage change in quantity demand, so demand is unitary elastic
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All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a
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If the numerical value of the price elasticity of demand is 3, then a one-percent change in price wi...
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