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Midterm

Economics Term 1 Midterm Review Notes.docx

1 pages84 viewsFall 2012

Department
Economics
Course Code
Economics 1021A/B
Professor
Ronald Wintrobe
Study Guide
Midterm

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Economics Term 1 Midterm Review Notes
Review Answers
1. b
2. c
3. a
4. b
5. a
6. e
7. a
8. e
9. b
10. d
11. e
12. d
13. e
14. c
15. c
Elasticity of Demand
= %change in QD/ % change in price
% change = change / avg
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