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  • 35 terms

    Term:

    Own-Price Elasticity of Demand

    Definition:

    measure of our responsiveness of quantity demanded for a good to changes in the current price of the good Proportionate change in quantity demanded divided by the proportionate change in price (+)definition

    • EC 201 Exam 2
    • 35 terms
    • Vocabulary for EC 201 Exam 2. Find, create, and access flashcards with Course Hero.

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