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Suppose there is a good. When its price decreases by 12%, its quantity demanded increases by 36%. The own-price elasticity of demand for this good
- Suppose there is a good. When its price decreases by 12%, its quantity demanded increases by 36%. The own-price elasticity of demand for this good is __________.
- -0.3
- 0.3
- -3
- 3
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