=+studies have shown that the price elasticity of demand is 0.4, and the price elasticity of supply

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=+studies have shown that the price elasticity of demand is −0.4, and the price elasticity of supply is 0.5.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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