If supply changes and demand doesnt change, the percentage change in the equilibrium quantity equals the percentage

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If supply changes and demand doesn’t change, the percentage change in the equilibrium quantity equals the percentage change in the quantity demanded. And the magnitude of the change in the price and quantity depends on the elasticity of demand.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 08, 2024 07:01 AM

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If supply changes and demand doesnt change, the percentage change in the equilibrium quantity equals the percentage

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Foundations Of Microeconomics

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