The price elasticity of demand for a product is 2.152.15. Given that the percentage change in price is 15%15%, what is the percentage change in quantity demanded? Round your answer to two decimal places if necessary

The price elasticity of demand for a product is 2.152.15. Given that the percentage change in price is 15%15%, what is the percentage change in quantity demanded? Round your answer to two decimal places if necessary

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 3SQP

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