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If the absolute price elasticity of demand is 1.2?, what effectwill a decrease of 10 percent in price have on quantity? demanded?The quantity demanded will
If the absolute price elasticity of demand is 1.2?, what effectwill a decrease of 10 percent in price have on quantity? demanded?The quantity demanded will ________ (increase or decrease) by______ percent. ?(Enter your response as a positive value roundedto the nearest whole? number.)
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