What is the percentage change in quantity of bananas you buy, Microeconomics

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What is the percentage change in quantity of bananas you buy

Problem

Your price elasticity of demand for bananas is 4. If the price of bananas rises by 5 percent, what is:

a. The percentage change in the quantity of bananas you buy?

b. The change in your expenditure on bananas?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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