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If a firms price elasticity of demand is -0.5 and the firm raises its prices 10%, the firm's manager can expect quantity sold to..... a.
If a firms price elasticity of demand is -0.5 and the firm raises its prices 10%, the firm's manager can expect quantity sold to..... a. Go down 5% b. Go up 5% c. Go up 20% d. Go down 20% e. Go down 10%
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