A manufacturer faces price elasticity of demand of a Â1.25 for its – McqOptions

MCQOPTIONS

1.	A manufacturer faces price elasticity of demand of a Â1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.
A.	5.15 percent
B.	7.65 percent
C.	8 percent
D.	5.12 percent
Answer» D. 5.12 percent

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