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Knowing a Product's Price Elasticity of Demand Allows Economists to Predict

Question 2

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Knowing a product's price elasticity of demand allows economists to predict


A) the amount by which quantity demanded will change in response to a change in price.
B) how changes in consumers' income will affect sales.
C) the amount by which quantity supplied will change in response to a change in price.
D) how quickly consumers will respond to tariff changes.

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