If a 3 percent price increase leads to a 3 percent decrease in quantity demanded, then the price elasticity of demand is _________.
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Q70: If the numeric value of elasticity is
Q71: If the numeric value of elasticity is
Q72: When there are a variety of substitute
Q73: When expenditures on the good in question
Q74: The observed responsiveness to a given price
Q76: If a 7 percent decrease in price
Q77: If a 12 percent price decrease leads
Q78: If a 4 percent decrease in price
Q79: If the price elasticity of demand is
Q80: A demand curve reflecting a perfectly inelastic
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