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thanhha78 thanhha78
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6 years ago
If the demand for a product decreases by 16% and the supply elasticity is 1.2 and demand elasticity is 0.80. Then the equilibrium price will decrease by 6%.
A) True
B) False
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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thanhha78 Author
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#2
6 years ago
Can't thank you enough for this, appreciate it!
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