lectur17-page10 - over the whole range (3 sections) the...

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10 The two demand curves have the 3 sections of elasticity We use the terms relatively inelastic or elastic here as a meansof saying that
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Unformatted text preview: over the whole range (3 sections) the average elasticity of demand is either inelastic or elastic....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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