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A mechanical pencil manufacturer sells 1107 pencils per quarter for $1 per pencil. The price elasticity for the product was estimated to be 4.7. If

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A mechanical pencil manufacturer sells 1107 pencils per quarter for $1 per pencil. The price elasticity for the product was estimated to be 4.7. If the manufacturer decides to change the price by 13 percent then by what percentage should the quantity sold change? Report your percentage as a whole number such that 20 percent would be reported as 20 NOT 0.2

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