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If the percentage change in the quantity demanded of a good is greater than the percentage change in price, price elasticity of demand is:
Industrial Regulation
Government policies and rules designed to control or supervise industries for the purpose of protecting public interests.
Marginal Benefit
The enhanced utility or pleasure that comes from acquiring or making an additional unit of a good or service.
Social Regulation
Laws and rules designed to correct behaviors and practices that affect public welfare, including environmental protection, health, and safety standards.
Antitrust Policy
A set of laws and regulations designed to promote competition and prevent monopolies, ensuring a fair and competitive market landscape.
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