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Business, 07.02.2021 14:00 kalcius674

If Price elasticity of demand for a firm's product is -2, a 10 per cent increase in price will result in which of the following ? A) A 10 per cent increase in revenue
B) 10 per cent increase in demand
C) 20 per cent increase in demand
D) 20 per cent increase in demand

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If Price elasticity of demand for a firm's product is -2, a 10 per cent increase in price will resul...
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