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In the market for sweaters, suppose Green's price elasticity of demand is 0.6, Smith's price elasticity is 1.6, and the price elasticity of all the
In the market for sweaters, suppose Green's price elasticity of demand is 0.6, Smith's price elasticity is 1.6, and the price elasticity of all the other consumers is greater than 0.6 but less than 1.6. Could the market price elasticity be less than 0.6 or greater than 1.6? O A. No, it must lie between 0.6 and 1.6. O B. Yes, it can be a multiple or fraction of the average of the elasticities of individual consumers
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