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24. Suppose the Lethbridge Computer Company decides to increase the quantity of computers it sells by 6 percent. If the price elasticity of demand is 3.5, the company must A) raise the price of a computer by 1.714 percent. B) raise the price of a computer by 0.21 percent. C) lower the price of a computer by 0.21 percent. D) lower the price of a computer by 0.58 percent. E) lower the price of a computer by 1.714 percent.
24. Suppose the Lethbridge Computer Company decides to increase the quantity of computers it sells by 6 percent. If the price elasticity of demand is 3.5, the company must A) raise the price of a computer by 1.714 percent. B) raise the price of a computer by 0.21 percent. C) lower the price of a computer by 0.21 percent. D) lower the price of a computer by 0.58 percent. E) lower the price of a computer by 1.714 percent.
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