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How does the total expenditures test help determine demand elasticity?

User Kana
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Answer: The three causes of demand elasticity are measured by looking at the relative change in demand as it responds to a change in price. How does the total expenditures test help determine demand elasticity? By finding out what the total expenditures are for a product, a business is able to determine the demand elasticity.

User Mohit Gangrade
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