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The Briton's Protection pub wants to increase the quantity of whisky it sells by 15%. If the price elasticity of demand is2.5, the company must:
The Briton's Protection pub wants to increase the quantity of whisky it sells
by 15%. If the price elasticity of demand is2.5, the company must:
A)decrease price by 4.5%.
B)increase price by 5.0%.
C)decrease price by 6.0%.
D)increase price by 0.5%.
E)increase in price by 6.5%.
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