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Question : Elasticity the percent change in quantity divided by the percent

Elasticity the percent change in quantity divided by the percent change in price. An elastic product, therefore, means that any change in price can result in changes in supply or demand changes in price do not affect supply and demand there is a fluctuation in the quality of the product there is never a fluctuation in the quality of the product When a country imports a good, what happens to domestic producers and consumers? domestic producers of the good are worse off, domestic consumers of the good are better off. Domestic producers of the good are better off, domestic consumers of the good are worse off. Domestic producers and consumers of the good are worse off.

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Finance 6 Months Ago 23 Views
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