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The price elasticity of demand for a good measures the responsiveness of Multiple Choice price to a 1 percent change in the quantity demanded of

The price elasticity of demand for a good measures the responsiveness of

Multiple Choice

price to a 1 percent change in the quantity demanded of that good.

demand to a 1 percent change in price of that good.

quantity demanded to a 1 percent change in price of that good.

price to a 1 percent change in the demand for that good.

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