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Price elasticity of demand refer to: Question 10 Not yet answered Marked out of 1.00 Flag question Select one: O a. the response of revenue

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Price elasticity of demand refer to: Question 10 Not yet answered Marked out of 1.00 Flag question Select one: O a. the response of revenue when prices change a lot versus when they change a little O b. percentage change in price relative to the percentage change in quantity demanded c. percentage change in quantity demanded relative to the percentage change in price. O d. the speed which management changes prices to changing demand in the market place

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