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Which of the following best describes a highly elastic demand curve? To review this concept, see the section Demand Elasticity. The percentage change in

Which of the following best describes a highly elastic demand curve? To review this concept, see the section Demand Elasticity. The percentage change in the quantity supplied of a good in response to a price change is greater than the percentage change in price The percentage change in the quantity demanded of a good in response to a price change is greater than the percentage change in price. The percentage change in the quantity supplied of a good in response to a price change is smaller than the percentage change in price. The percentage change in the quantity demanded of a good in response to a price change is smaller than the percentage change in price.

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