The elasticity of demandnbspequals the inverse of price to, Financial Management

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The elasticity of demandnbspequals the inverse of price to

The elasticity of demand:

A. equals the inverse of price to quantity demanded.

B. measures how far the demand curve shifts from a change in price.

C. tells us how responsive consumer purchases are to price changes.

D. estimates the relationship between quantity demand and production costs

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