The elasticity of demand measures how responsive the price of a good is to a change in the demand.
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Q204: Elasticity of demand is the percent change
Q205: One of the determinants of the elasticity
Q206: The demand for cigarettes tends to be
Q207: The elasticity of demand for a particular
Q208: The demand for necessary goods tends to
Q210: The demand for oil would become less
Q211: If a rising price leads to falling
Q212: Elasticity of demand is always negative.
Q213: The demand curve is elastic if an
Q214: When a good has fewer substitutes in
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