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The price elasticity of demand for a good is -0.5. What price change would have to occur for the quantity demanded to increase by 10
The price elasticity of demand for a good is -0.5. What price change would have to occur for the quantity demanded to increase by 10 percent?
- Price decrease of 5 percent
- Price increase of 20 percent
- Price decrease of 20 percent
- Price increase of 5 percent
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
