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Username: spot
Date/Time: Fri, November 23, 2001 at 7:05 PM GMT
Browser: Microsoft Internet Explorer V5.5 using Windows 98
Subject: WRONG!!!

Message:
 

 
Your comment:

>>... For example, the elasticity of demand tells us how much the quantity demanded changes when the price changes.

...is incorrect. The elasticity of demand tells us how responsive to change the quantity demanded is, when the price changes. It does not measure the change, but instead the rate of change.

     
 


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