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Choose the correct answer: When the price elasticity is -2.5, one can conclude that 1profits will increase when prices decrease 2 . a 10% decrease
Choose the correct answer: When the price elasticity is -2.5, one can conclude that 1profits will increase when prices decrease 2 . a 10% decrease in price will result in a 25% increase in sales 3. the slope of the demand curve is 2.5 4. the demand curve is linear and customers are price sensitive
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
