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Suppose demand and supply have constant elasticity equal to -4 and 4 respectively. When the demand decreases by 4%, we will expect the equilibrium price
Suppose demand and supply have constant elasticity equal to -4 and 4 respectively. When the demand decreases by 4%, we will expect the equilibrium price to fall by [Answer]% and equilibrium quantity to fall by [Answer]%. (In decimal numbers, with two decimal places, please.)
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