supppose we find that the price elasticity of demand for a product is 0.4 when its price

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supppose we find that the price elasticity of demand for a product is 0.4 when its price is increased by 4%. We can conclude that quantity demand

A) increase by 1.6%

B) decrease by 1.6%

C) decrease by 10%

D) decrease by 0.1%

Posted Date: Jun 13, 2024 08:08 AM

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supppose we find that the price elasticity of demand for a product is 0.4 when its price

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