4 If the price of a certain product falls from P10 00 to P8 00, the quantity demanded rises from 500 to 10000 i Calculate the price elasticity of demand (4 marks) ii What happens to total revenue due to the price change (2 marks) 4 If the price of a certain product falls from P10 00 to P8 00, the ...

Price Elasticity of Demand and Revenue Change i Price Elasticity of Demand To calculate the price el ...

4. If the price of a certain product falls from P10.00 to P8.00, the quantity demanded...

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Microeconomics

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Authors: Paul Krugman, Robin Wells

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4. If the price of a certain product falls from P10.00 to P8.00, the quantity demanded...

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Microeconomics

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