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shoes demanded? Given that the own-price elasticity of demand for shoes is -2.6, if the price of rises by 8%, ceteris paribus , what will

shoes demanded?

Given that the own-price elasticity of demand for shoes is -2.6, if the price of rises by 8%,ceteris paribus, what will happen to the quantity of shoes

a) It will decrease by 20.8%

b) It will increase by 20.8%

c) It will decrease by 2.6%

d) It will decrease by 2.6%

give me the answer and explanation

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