6 / 10 100% + @ Question 14 If the price elasticity of demand is 0.15, and the price is doubled, this will lead to a a.
Posted: Wed Jul 06, 2022 6:24 pm
Question 14 If the price elasticity of demand is 0.15, and the price is doubled, this will lead to a a. 30 percent increase. b. 15 percent decrease. c. 0.30 percent increase. d. 0.15 percent decrease. (4 marks) in the quantity demanded.
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