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Which price elasticity of resource demand is the ratio of

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Problem 1: The price elasticity of resource demand is the ratio of _____.

Group of answer choices

a. the percentage change in quantity demanded of the resource to a given percentage change in its price

b. the percentage change in quantity demanded to a change in the wage rate

c. a change in demand to a change in wage rate

d. a change in demand to a given change in price

Reference no: EM132675182

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