What does the price elasticity of demand show? In the market for sweaters, suppose Greens price elasticity
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What does the price elasticity of demand show? In the market for sweaters, suppose Green’s price elasticity of demand is 0.2, Smith’s price elasticity is 1.2, and the price elasticity of all the other consumers is greater than 0.2 but less than 1.2. Could the market price elasticity be less than 0.2 or greater than 1.2?
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