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Given the price elasGiven the price elasticities and price changes for the following products A-E in the table below, show how much the quantity will
Given the price elasGiven the price elasticities and price changes for the following products A-E in the table below, show how much the quantity will change (indicating an increase or decrease) and what effect this will have on total revenue (indicating an increase or decrease). Round your answers to 1 decimal place. Product Price elasticity % Price % Quantity Total revenue A 0.6 increase by 9% (Click to select) by % (Click to select) B 1.3 decrease by 6% (Click to select) by % (Click to select) C 0.3 decrease by 12% (Click to select) by % (Click to select) D 1.0 increase by 4% (Click to select) by % (Click to select) E 3.3 increase by 5% (Click to select) by % (Click to select)ticities and price changes for the following products A-E in the table below, show how much the quantity will change (indicating an increase or decrease) and what effect this will have on total revenue (indicating an increase or decrease). Round your answers to 1 decimal place. Product Price elasticity % Price % Quantity Total revenue A 0.6 increase by 9% (Click to select) by % (Click to select) B 1.3 decrease
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