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The elasticity of demand for productAis 1.4, and for productBis 0.8. If the price of Bincreases by 2%, the quantity demand should Select one: a.decrease
The elasticity of demand for productAis 1.4, and for productBis 0.8. If the price of
Bincreases by 2%, the quantity demand should
Select one:
a.decrease by 1.6%.
b.decrease by 0.8%.
c.increase by 1.6%.
d.increase by 0.8%.
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