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The price-elasticity of demand coefficient, Ed, is measured in terms of:
a. dollar change in price and unit change in quantity demanded.
b. dollar change in price and amount of shift in demand.
c. percentage change in price and percentage change in quantity demanded.
d. percentage change in price and unit change in demand.
Answers: 3
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The price-elasticity of demand coefficient, Ed, is measured in terms of:
a. dollar change in price...
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