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Use the hypothetical information in the table below to answer'the questions that follow Income (R) Price of bread {R} Price of butter [R] Gd for
Use the hypothetical information in the table below to answer'the questions that follow Income (R) Price of bread {R} Price of butter [R] Gd for bread 0d for butter 18000 B 24 560 260 16000 12 23 440 240 6000 16 36 240 140 Suppose The firm is considering decreasing the price of butter by 12% next month. Make use of the Ec-coef'iicient of -2, to calculate both the percentage and unit change (increaseMecrease) in the quantity demanded of bread assuming that it sold a total of 150 ioafs of bread this month
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