If the price elasticity of demand of a product is -5 and


If the price elasticity of demand of a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5 % decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will?

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Business Economics: If the price elasticity of demand of a product is -5 and
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