The value of the price elasticity of demand

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If you compute the price elasticity of demand using a quantity of tickets from 1 to 8 and using a quantity of tickets from 1,000 to 8,000, the value of the price elasticity of demand is

A. smaller when values from 1,000 to 8,000 are used because these values are larger than units 1 to 8.

B. the same because the percentage change in quantity will remain the same.

C. equal to one in both cases.

D. larger when values from 1,000 to 8,000 are used because these values are larger than units 1 to 8.

Reference no: EM131169474

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