MCQOPTIONS
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| 1. |
A company faces a - 2.5 price elasticity of demand for its product. It is presently selling 10,000 units/month. If it wants to increase quantity sold by 6%, it must lower its price by |
| A. | 3.50% |
| B. | 15% |
| C. | 2.50% |
| D. | 2.40% |
| Answer» E. | |