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A group of artisanal cheese producers in rural Qubec is trying to raise artisanal cheese prices by 10%. If the price elasticity of demand for
A group of artisanal cheese producers in rural Qubec is trying to raise artisanal cheese prices by 10%. If the price elasticity of demand for artisanal cheese is 0.75, and the price elasticity of supply for artisanal cheese is 0, by how much should farmers reduce their artisanal cheese production to obtain the 10% increase
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