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    Exam 5: Elasticity: a Measure of Responsiveness
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    The Price Elasticity of Demand for Shirts Is
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The Price Elasticity of Demand for Shirts Is

Question 129

Question 129

Essay

The price elasticity of demand for shirts is .75 and the price elasticity of supply of shirts is 2.5.If the supply of shirts rises by 10%,what will happen to the price of shirts?

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percentage change in price = [...

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