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The price elasticity of demand for imported whiskey is estimated to be 20.20 over a wide interval of prices. The federal government decides to raise

The price elasticity of demand for imported whiskey is estimated to be 20.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign whiskey, causing its price to rise by 20 percent. Will sales of whiskey rise or fall, and by what percentage amount?

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