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PLEASE HELP ME ANSWER THE FOLLOWING QUESTIONS
Description Instructions Multiple Attempts This test allows 2 attempts. This is attempt number 1 Force Completion This test can be saved and resumed later (-) Moving to another question will save this response Question 18 This price elasticity of demand is computed as the 0 a percentage change in price divided by the percentage change in quantity demanded O b percentage change in quantity demanded divided by the percentage change in income. O c. none of the above. O d change in quantity demanded divided by the change in the price. O e.percentage change in quantity demanded divided by the percentage change in price Moving to another question will save this response. 드드
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Answer #1

Question 18: option e

Percentage change in quantity divided by the percentage change in price.

Question 19: option d

Demand goes from elastic to inelastic.

Question 20: option a

An inefficient rationing procedure

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