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BUSINESS LA1. The price elasticity of demand measures which of the following? a) How responsive the quantity demanded is to changes in price. b) The

BUSINESS LA1. The price elasticity of demand measures which of the following? a) How responsive the quantity demanded is to changes in price. b) The rate at which demand changes when price changes. c) The slope of the demand curve. d) The percentage-slope of the demand curve. e) None of these correctly defines what price elasticity of demand measures

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