True or false? Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.

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asked Aug 15, 2017 196k views

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True or false?

Elasticity of demand equals the ratio of the percentage change in the price of a good to the percentage change in the quantity demanded.

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Hjord asked

by Hjord

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true because all supply and demand fluctuate. as price increases so does demand. when demand drops so will price

Rick Ahlander answered Aug 22, 2017

by Rick Ahlander

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