Your price elasticity of demand for bananas is 4. If the price of bananas rises by 5
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Your price elasticity of demand for bananas is 4.
If the price of bananas rises by 5 percent, what is
a. The percentage change in the quantity of bananas you buy?
b. The change in your expenditure on bananas?
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a The percentage change in the quantity of bananas you buy can be calculated using the formula for p...View the full answer
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