Pedro's goal is to have more than $1200 in savings in the next 12 months. He already has $480 saved and wants to save the same a
2 answers:
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Answer:
The percent change in quantity is -0.14%.
Step-by-step explanation:
The formula to compute the change in quantity is:
The income elasticity of demand is 2.80.
Percent change in price is -5% (since the prices decreases)
Compute the percent change in quantity demanded as follows:
Thus, the percent change in quantity is -0.14%.