A company faces a -2.5 price elasticity of demand for its product. It – 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.	0.035
B.	0.15
C.	0.025
D.	0.024
Answer» E.

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