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What is the price elasticity of demand If the price of a good is increased by 20% and the quantity demanded changes by 15% then?

Microeconomics Investments Financial Economics Economics Finance
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Question added by Sultan Alghamdi
Date Posted: 2016/02/23
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Amjed Mehboob
by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre

PED will be less then unity and will be equal to 0.75

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