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tia_tia [17]
3 years ago
11

Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:

Business
1 answer:
sukhopar [10]3 years ago
6 0

Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

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2 years ago
Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
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