Suppose the price elasticity of demand for text book is 2 and the price elasticity of the text book is increased by 10%. By how much does the quantity demand fall? Enter the result and discuss reasons for the fall in quantity demand?
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Suppose the price elasticity of demand for text book is 2 and the price elasticity of the text book is increased by 10%. By how much does the quantity demand fall? Enter the result and discuss reasons for the fall in quantity demand?
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