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4.2 Polar cases of elasticity and constant elasticity

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  • Card 7 / 11:
    constant unitary elasticity

    when a given percent price change in price leads to an equal percentage change in quantity demanded or supplied

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Practice FlashCards 5 Key Terms 5

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Source:  OpenStax, Openstax microeconomics in ten weeks. OpenStax CNX. Sep 03, 2014 Download for free at http://legacy.cnx.org/content/col11703/1.2
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