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Suppose the price of hand sanitizer doubles tonight and remains at that level for the next two years. Everything else held constant, the price elasticity
Suppose the price of hand sanitizer doubles tonight and remains at that level for the next two years. Everything else held constant, the price elasticity of demand for hand sanitizer measured tomorrow, when compared with the price elasticity measured two years from now, will be
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
