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Question 11 (1 point) A firms a price elasticity of demand of -1.8. If the firm wants to raise quantity of units sold by 12%,

Question 11 (1 point)

A firms a price elasticity of demand of -1.8. If the firm wants to raise quantity of units sold by 12%, by how much must the firm lower the price?

Question 11 options:

a)

 12.33%

b)

 3.33%

c)

 10%

d)

 6.67%

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