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You own a shop that make Ziegleplops. The income elasticity is -1.2, the demand elasticity forZiegleplopsis 3, and the cross price elasticity with price ofPlopziegles

You own a shop that make Ziegleplops. Theincomeelasticity is -1.2, thedemandelasticity forZiegleplopsis 3, and thecross price elasticitywith price ofPlopziegles is -2. Also thedemand elasticityfor Plopzieglesis 2.1

By what percent and in what direction will the quantity demanded change if the price increases 4 percent?

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