maidadiaz5042 maidadiaz5042
  • 08-03-2024
  • Business
contestada

When a firm increases the price of its product by 6%, the quantity demanded decreases by 3%. As a result of the price increase, the price elasticity of demand is:
A. 0.5
B. 1.0
C. 2.0
D. -0.5

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