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17 If egg prices recently increased by 20% and the purchases of eggs decreased by 5% while incomes rose 10%, calculate the price elasticity of
17 If egg prices recently increased by 20% and the purchases of eggs decreased by 5% while incomes rose 10%, calculate the price elasticity of demand for eggs. Select one: O a. 2. O b. -0.5 O c. .25. Od 4 8 Along a given downward-sloping demand curve, If the supply curve shifts left, consumer surplus will it of Select one: O a. It's impossible to tell what will happen to consumer surplus. O b. not change O C. increase O d. decrease 9 If the price of good whose price elasticity of demand is-0.25 rose, we would expect: Select one: O a. the number of units purchased to increase. O b. only a slight decline in the number of units purchased. O c. a large decline in the number of units purchased. O d. the total income of producers to fall dramatically
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