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TiliK225 [7]
2 years ago
6

If the demand for apples is elastic, then a 5 percent increase in the price of apples will result in

Business
1 answer:
RUDIKE [14]2 years ago
3 0

Answer:

If the price elasticity of demand for apples is 0.6, then a 5.0% increase in the price of apples will decrease the quantity demanded of apples by 3.0%, and apples sellers' total revenue will increase as a result.

Explanation:

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