question archive 1) If a 30% decrease in price increases the quantity demanded by 105%
1) If a 30% decrease in price increases the quantity demanded by 105%
Subject:EconomicsPrice:2.88 Bought3
1) If a 30% decrease in price increases the quantity demanded by 105%. What is the price elasticity of demand?
2) If the price elasticity of demand for stuffed snowmen is 0.79 and the quantity demanded decreased by 66%. By how much did the price of stuffed snowmen increase?
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