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2 - Question 4 (1 point) The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units

2 - Question 4 (1 point)

The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10 percent, then it can expect to sell approximately

Question 4 options:

a)

3,280 units.

b)

1,980 units.

c)

4,280 units.

d)

2,720 units.

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