Question: Can anyone help me with this practice problem? If Esubset D=4, then: -a price increase of 1% will reduce quanity demanded by 4% -a price

Can anyone help me with this practice problem?

If Esubset D=4, then:

-a price increase of 1% will reduce quanity demanded by 4%

-a price increase of 1% will increase quantity demanded by 4%

-a price decrease of 1% will decrease quantity demanded by 4%

-the slope of the demand curve is equal to 4

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