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Chapter 19, Problem AFCT
To determine

A negative Percentage change in the quantity of cable T.V. subscriptions demanded in response to an increase in the price of these subscriptions

Concept:

Price elasticity or elasticity of price: It refers to the percentage change in demand for a commodity with respect to the percentage change in any of the factors affecting demand for that commodity.

Economics Today: The Micro View, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (19th Edition), Chapter 19, Problem AFCT

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