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Which of the following statements is true with regard to price elasticity of demand?

Which of the following statements is true with regard to price elasticity of demand?


[A]Elasticity remains constant throughout the demand curve
[B]Elasticity increases with increase in quantity demanded
[C]Elasticity increases as the price decreases
[D]Higher the elasticity, more responsive the demand is for a given change in price

Jan 10 2018 View more View Less

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