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Which of the following statements are true? Slope is the inverse of elasticity. The elasticity calculation uses percentage changes in price and quantity. A relationship

Which of the following statements are true? Slope is the inverse of elasticity. The elasticity calculation uses percentage changes in price and quantity. A relationship exists between slope and elasticity but they are not the same thing. Slope uses changes in price and quantity. Elasticity is the inverse of slope. Need help? Review these concept resources

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