Question: consider the multiplicative demand function Q = 4P^-1.2 INC^.2 Current income is INC = 10. Suppose price is reduced from it current level by 1%.

consider the multiplicative demand function Q = 4*P^-1.2 *INC^.2 Current income is INC = 10. Suppose price is reduced from it current level by 1%. What is the percent change in Q from a one percent change in Price

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Question: consider the multiplicative demand function Q = 4*P^-1.2 *INC^.2 Current income is INC = 10. Suppose price is reduced from it current level by 1%.

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Question: consider the multiplicative demand function Q = 4P^-1.2 INC^.2 Current income is INC = 10. Suppose price is reduced from it current level by 1%.