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If the price elasticity of demand of for gasoline is 1.8, then a 15% decrease in quantity demanded is caused by

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the price elasticity of demand of
for gasoline is 1.8, then a 15%
decrease in quantity demanded is
caused by ....

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