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4. Elasticity
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4. Elasticity
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4. Elasticity / Total Revenue Along a Linear Demand Curve / Problem 8
Problem 8
What is the primary difference between slope and elasticity on a demand curve?
A
Slope measures percentage changes, while elasticity measures unit changes.
B
Slope and elasticity both measure unit changes.
C
Slope and elasticity both measure percentage changes.
D
Slope measures unit changes, while elasticity measures percentage changes.
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