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Podcast: Principles of Microeconomics (Video)
Episode:

Office Hours: Elasticity of Demand
Category: Education
Duration: 00:04:22
Publish Date: 0000-00-00 00:00:00
Description: When the price goes up, what happens to the quantity demanded? It goes down. And vice-versa. This is known as the law of demand. Pretty straightforward. What this law doesn’t cover is how much the quantity demanded goes up or down as prices change. This...
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