Answer to Question #40208 in Microeconomics for alamovic

Question #40208
if price elasticity of demand for petrol is 0.8 and the market price is 30 per litre,by how much should price be raised to reduce consumption by 5%?
1
Expert's answer
2014-05-20T10:31:48-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-40208.pdf

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