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Suppose the value of the price elasticity of demand is minus−3. what does this mean?
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Suppose the value of the price elasticity of demand is minus−3. what does this mean?
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Nov 20, 2019
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Suppose the value of the price elasticity of demand is minus−3. what does this mean?
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Then demand is low based upon the price. This may mean the price offered is to high or here is an oversupply of goods.
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