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    Managerial Economics
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    Exam 4: Demand
  5. Question
    Ed<sub>t</sub><sub> </Sub>= - 5. This Means That If
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Edt = - 5. This Means That If

Question 31

Question 31

Multiple Choice

Edt = - 5. This means that if


A) Pt increases by 5%, then Qdt will decrease by 1%
B) Qdt increases by 5%, Pt will decrease by 1%
C) Pt increases by 1%, Qdt will decrease by 5%
D) Pt decreases by $1.00, Qdt will decrease by 5 units

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