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If The Price Elasticity Of Demand For A Good Is 0.43 An Increase In The Price Of The Good Will Result In ______? - Erudites Academy

If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in ______?

A. a decrease in profit by 43%
B. an increase in profit by 43%
C. a net loss
D. a net gain

Correct Answer:

Option A – a decrease in profit by 43%

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4 years ago