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I CANNONT WORK OUT THE MATHS FOR THIS ONE The price elasticity of demand for Delicious Fudge is -2.5. Suppose you are told that the

I CANNONT WORK OUT THE MATHS FOR THIS ONE

The price elasticity of demand for Delicious Fudge is -2.5. Suppose you are told that the price increases by 5 per cent. By what percentage does quantity demanded fall?

0.05*-5=-0.25??

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