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- Price Elasticity of Demand of necessary goods is … #191
- Price Elasticity of Demand of luxury goods is … #192
- Price Elasticity of Demand of goods in short-run period: #193
- If the percentage change in quantity demanded is less than the percentage change in price. #194
- If the percentage change in quantity demanded is greater than percentage change in price. #195
- Perfectly Inelastic Supply curve is … #196
- Supply is said to be unit elastic if the absolute value of the own price elasticity is equal to … #197
- Calculating the Price Elasticity of Supply by the percentage change in the quantity supplied due to the percentage change in price is … method. #198
- Rational consumer will take an action only when the marginal benefit of the action … the marginal cost. #199
- Price Elasticity of Supply of perishable goods is … #200