Demand elasticity usually varies over a wide range of prices for the same good or service.

Name: Demand elasticity usually varies over a wide range of prices for the same good or service.
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Demand elasticity can vary significantly across different price ranges for the same good or service because consumers' sensitivity to price changes often depends on factors like the availability of substitutes, the proportion of income spent on the good, and the nature of the good (necessity vs. luxury).

Demand Elasticity Usually Varies Over a Wide Range of Prices