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If the Price of Chocolate Increases by 15 Percent and the Quantity

Question 40

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If the price of chocolate increases by 15 percent and the quantity demanded of chocolate declines by 5 percent, the price elasticity of demand ( If the price of chocolate increases by 15 percent and the quantity demanded of chocolate declines by 5 percent, the price elasticity of demand ( )is 3. )is 3.

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