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9 Jan 2018
5. If a 2 percent increase in price results in an 8 percent reduction is quantity demanded, the elasticity of demand is equal to, a) O b) 4 c) 16 d) 0.25
5. If a 2 percent increase in price results in an 8 percent reduction is quantity demanded, the elasticity of demand is equal to, a) O b) 4 c) 16 d) 0.25
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