Business, 18.09.2019 01:10 claytonhopkins

Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand of this good is known to be 2. how must the price have changed? a. it increased by 15%b. it decreased by 66%c. it decreased by 15%d. it increased by 66%

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Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the...