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Homework answers / question archive / If the quantity demanded of the meat pies decreases by 3% when the price of the meat pie falls by 10%, what is the price elasticity of demand for meat pies?

If the quantity demanded of the meat pies decreases by 3% when the price of the meat pie falls by 10%, what is the price elasticity of demand for meat pies?

Economics

If the quantity demanded of the meat pies decreases by 3% when the price of the meat pie falls by 10%, what is the price elasticity of demand for meat pies?

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