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    Economics Study Set 2
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    Exam 18: The Price Elasticities of Demand and Supply
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    If Elasticity of Demand Is 5 and Price Is Raised
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If Elasticity of Demand Is 5 and Price Is Raised

Question 186

Question 186

Essay

If elasticity of demand is 5 and price is raised from $10 to $11,by what percentage will quantity demanded fall?

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