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The price elasticity of demand measures how much Quantity demanded changes due to a change
in price Quantity demanded changes due to a change in income Quantity demanded changes due
to a change in price of other good Quantity demanded changes due to a change in supply
Question 25 ( 2 points) For a good that is narrowly defined, demand Tends to be inelastic Tends
to be elastic Has unit elasticity Cannot be determined

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  • 1. The price elasticity of demand measures how much Quantity demanded changes due to a change in price Quantity demanded changes due to a change in income Quantity demanded changes due to a change in price of other good Quantity demanded changes due to a change in supply Question 25 ( 2 points) For a good that is narrowly defined, demand Tends to be inelastic Tends to be elastic Has unit elasticity Cannot be determined