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We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is a) 2.5 b) -2.5 c) 0.4 d)1.0<…
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We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is a) 2.5 b) -2.5 c) 0.4 d)1.0<…
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Oct 21, 2020
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We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is
a) 2.5
b) -2.5
c) 0.4
d)1.0
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Dreampuf
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Answer:
the correct answer
a) 2.5
Ruben Steins
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Oct 26, 2020
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Ruben Steins
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