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