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Demand is elastic whenever (Points : 1)
The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.
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User: The market supply curve of a particular product indicates the total quantities (Points : 1)

User: Demand is elastic whenever (Points : 1)





Weegy: The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.
Expert answered|eturker|Points 1037|

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Asked 1/18/2012 3:15:38 PM
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