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Define in words the own price elasticity of demand, write the general expression for this elasticity, and explain how it consists of two terms of

 Define in words the own price elasticity of demand, write the general expression for this elasticity, and explain how it consists of two terms of which one is the slope of the demand curve and  how to draw a diagram to illustrate graphically how the two terms you have identified above are measured for a point on the demand curve

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