As a result of 5 percent fall in the price of food, it's demand rises by 12 percent. Find the price elasticity of demand and say demand is elastic or inelastic.

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Q: Economics Question

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Q: Solve it correctly all subparts. I upvote you

A: The answer to the sub parts of your question are as follows :

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Q: Solve it correctly I upvote.  (d) parts solve

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