RahulKakkar6788 RahulKakkar6788

29-07-2022
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If the price elasticity of demand for a good is 2.0, then a 10 percent increase in price results in a?

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UmaymaSohailAkhtar UmaymaSohailAkhtar

29-07-2022

Answer:

if the price elasticity of demand for a good is 2.0 then a 10 percent increase in price results in a 20 percent decrease in the quantity demanded.

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