If the price elasticity of demand for a good is 15 then a 3
if the price elasticity of demand for a good is 1.5 then a 3 percent decrease in price results in a 4.5 percent increase in quantity demanded.
Can you please explain how can did they get 4.5 percent increase in Qd?
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if the price elasticity of demand for a good is 15 then a 3 percent decrease in price results in a 45 percent increase
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