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If the price elasticity of tablet computers is -1.5 and price decreases 20%, what happens to the quantity of tablet computers demanded? Multiple Choice quantity
If the price elasticity of tablet computers is -1.5 and price decreases 20%, what happens to the quantity of tablet computers demanded?
Multiple Choice
- quantity increases by 7.5%
- quantity increases by 30%
- quantity decreases by 13%
- quantity decreases by 1.5%
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
