question archive If the percentage increase in price is 15% and the value of the price elasticity of demand is -3, then quantity demanded a) will decrease by 5% b) will increase by 45% c) will increase by 5% d) will decrease by 45%
If the percentage increase in price is 15% and the value of the price elasticity of demand is -3, then quantity demanded a) will decrease by 5% b) will increase by 45% c) will increase by 5% d) will decrease by 45%
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If the percentage increase in price is 15% and the value of the price elasticity of demand is -3, then quantity demanded
a) will decrease by 5%
b) will increase by 45%
c) will increase by 5%
d) will decrease by 45%
Option 1
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