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(12) Suppose that price elasticity of demand for a particular good is -1.25 when there is a 12% increase in the Price. The percentage decrease
(12) Suppose that price elasticity of demand for a particular good is -1.25 when there is a 12% increase in the Price. The percentage decrease in the quantity will be
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International Economics
Authors: Dominick Salvatore
12th edition
9781118955727, 1118955765, 1118955722, 978-1118955765
