Why would an economist be hesitant about making elasticity


Problem

Why would an economist be more hesitant about making an elasticity estimate of the effect of an increase in price of 1 percent rather than an increase in price of 50 percent?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why would an economist be hesitant about making elasticity
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