huzaifahch07 huzaifahch07

24-04-2021
Business

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Suppose that a 2% increase in price results in a 6% decrease in quantity demanded. Own-price elasticity of demand is equal to:

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pinkeythegolden pinkeythegolden

24-04-2021

Answer:

-3

Explanation:

PED= change in quantity demanded /change in price

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