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Q. |
If the price elasticity of demand of Chicken is +.95. then a 20% increase in price of chicken will lead to in quantity demanded of chicken at that price |
A. | 19 increase |
B. | 19% decrease |
C. | 20.95% increase |
D. | 20.6% decrease |
Answer» A. 19 increase |
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Fundamentals of Economics and ManagementNo comments yet