Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
Textbook Question
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Chapter 6, Problem 17P

If a 1 0 % decrease in the price of one product that you buy causes an 8 % increase in quantity demanded of that product, will another 1 0 % decrease in the price cause another 3 % increase (no more and no less) in quantity demanded?

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