Business, 12.03.2020 02:28 YaGirlNeedaLearn

Suppose that when the price of cereal rises 10 percent, the quantity demanded of cereal falls by 5 percent. Based on this information, what is the approximate price elasticity of demand for cereal?

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Suppose that when the price of cereal rises 10 percent, the quantity demanded of cereal falls by 5 p...

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