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Q. What are all possible values for elasticity of demand if a positive shock to the supply resulted in higher quantity sold but market price

Q. What are all possible values for elasticity of demand if a positive shock to the supply resulted in higher quantity sold but market price remained the same?

a. D=

c. D=1

d.1

e. D=0

f. 0

g. D=1

h. 1

i. D=+

Q.2 What is the elasticity of demand if our revenues remain unchanged when we change our prices (locally)?

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