Jacob Goldstein, a correspondent for National Public Radio, discussed the effect that a tax on sugared soft
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Jacob Goldstein, a correspondent for National Public Radio, discussed the effect that a tax on sugared soft drinks would have on consumers: “How much would a tax drive down consumption? Economists call this issue ‘price elasticity of demand’—how much demand goes down as price increases.” Briefly explain whether you agree with Goldstein’s definition of price elasticity of demand.
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