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nguyenduong67 nguyenduong67
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7 years ago
Suppose that the elasticity of demand for a product is 0.5 and quantity demanded increases by 20%. What must the percentage decrease in price have been?
A) 0.5%
B) 5%
C) 10%
D) 40%
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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nguyenduong67 Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
linlinlin
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Yesterday
Smart ... Thanks!
veronee_madison
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2 hours ago
this is exactly what I needed
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