emmanuelmarfo721 emmanuelmarfo721
  • 12-02-2024
  • English
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5. Suppose the price elasticity of demand for a good is 0.6. When the price of the good decreases by 10%, what would we expect to happen to the quantity demanded?
a. It will increase by 60%
b. It will increase by 6%
c. It will increase by 0.6%
d. It will decrease by 0.6%
e. It will decrease by 6%

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