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Percentages and Elasticity

Percentages and Elasticity. Which of the following seem more serious: An increase of 50 cents or an increase of 50% in the price of a hamburger An increase of $100 or an increase of 1% in the price of a new car Percentage changes are often more important than the amount of change

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Pe d1 d2 d3 - PowerPoint PPT Presentation

Percentages and Elasticity