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18 April, 08:28

The measure of how demand changes after price adjustments is called (a) elastic, demand (b) inelastic demand, (c) the law of demand, (d) consumer demand

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  1. 18 April, 11:55
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    The correct answer for the question that is being presented above is this one: (a) elastic demand. The measure of how demand changes after price adjustments is called elastic demand. T he percentage change in quantity demanded is smaller than that in price. Hence, when the price is raised, the total revenue increases, and vice versa.
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