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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?

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

Roshan kumar 10-Jan-2018

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