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The Price of a commodity rises from 5 to 6 and as a result its demand falls from 100 to 80 units. Find the price
The Price of a commodity rises from 5 to 6 and as a result its demand falls from 100 to 80 units. Find the price elasticity of demand using percentage method 1 point A. 0.5 B. Undefined C. 2 D. 1 19. Which of the following is NOT a factor affecting price elasticity of demand 1 point A. Availability of Substitutes B. Proportion of Income Spent C. Techniques of Production D. Number of uses of a commodity
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
