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Topic ID 19

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Message ID 19, posted by PiotrWasik on 13:18, Sunday, August 10, 2014
replying to messages [IDs]: | users notified: | tags: calculus economics mathematics
Wiki says "This makes intuitive sense, since it is reasonable that quantity demanded is more sensitive at high prices than it is at low prices." - not true, it is a simple fact that relative values (elasticity) change differently than absolute values (slope).