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10. The managers of Voila Ltd believe that an increase of 15% in the selling price of their white wine would result in a 25%

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10. The managers of Voila Ltd believe that an increase of 15% in the selling price of their white wine would result in a 25% decrease in the number of bottles sold. The price elasticity of demand for this product is: (a) -2.06 (b) 0.626 (c)-0.49 (d) 1.60

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