=+8. In Example 2.8 we examined the effect of a 20-percent decline in copper demand on the
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=+8. In Example 2.8 we examined the effect of a 20-percent decline in copper demand on the price of copper, using the linear supply and demand curves developed in Section 2.6. Suppose the long-run price elasticity of copper demand were -0.75 instead of -0.5.
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