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URGENT PLEASE! APPLIED ECONOMICS: PRICE ELASTICITY Part II. Direction: Analyze the problems and answer the questions. Show your solution on the space provided. 2. If

URGENT PLEASE! APPLIED ECONOMICS: PRICE ELASTICITY

Part II. Direction: Analyze the problems and answer the questions. Show your solution on the space provided.

2. If a 20% decrease in the price of international calls lead to a 35% increase in the quantity of calls demanded, we can conclude that the demand for phone calls is:

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