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View Full Version : A price elasticity of demand for Good X equal to -.85 implies


jordanbledsoe
Feb 3, 2015, 03:07 PM
A.
if price increases by $1.00, quantity demanded will decrease by .85.





B.
if price decreases by $0.85, quantity demanded will increase by 1.





C.
a price of $1.00 will result in sales increase of .85 units.





D.
if price increases by 1%, quantity demanded will decrease by .85%.





E.
if price increases by 1%, demand will decrease by .85%.

Curlyben
Feb 3, 2015, 03:07 PM
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