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Homework answers / question archive / If the price of a particular good decreases by 2% and the amount demanded increases by 1%, how much is the price elasticity of demand?

If the price of a particular good decreases by 2% and the amount demanded increases by 1%, how much is the price elasticity of demand?

Economics

If the price of a particular good decreases by 2% and the amount demanded increases by 1%, how much is the price elasticity of demand?

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