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Which ofthe following statements about the price elasticity of demand {PED} is correct? Select on e: O PED is higher in the short run 0

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Which ofthe following statements about the price elasticity of demand {PED} is correct? Select on e: O PED is higher in the short run 0 If the PED is negative then the good is a complement 0 111a midpoint formula uses average price and average quantity when calculating PED O PED is calculated using absolute. and not percentage changes in price and quantity demanded

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