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The elasticity of demand for yoga lessons is -2.5. If we cut prices by 12%, total revenue will change by _________ percent.
"The elasticity of demand for yoga lessons is -2.5. If we cut prices by 12%, total revenue will change by _________ percent."
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
