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Kyuubi Kyuubi
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6 years ago
If the coefficient of elasticity is 1.8, then a 7% fall in price causes quantity demanded to:
A) decrease by 12.6 %
B) increase by 12.6 %
C) decrease by 3.6 %
D) increase by 3.89%
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
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