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Percentage Change and Price Elasticity of Demand
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Problem 10
Percentage Change and Price Elasticity of Demand
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4. Elasticity / Percentage Change and Price Elasticity of Demand / Problem 7
Problem 7
What is the first step in applying the percentage change formula?
A
Add the change to the original value.
B
Multiply the variable by its original value.
C
Divide the original value by the change.
D
Calculate the change in the variable.
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