Question: If a 10per cent increase in the price of? Kellogg's cereal causes a 25 per cent reduction in the number of boxes of cereal? demanded,
If a 10per cent increase in the price of? Kellogg's cereal causes a 25 per cent reduction in the number of boxes of cereal? demanded, what is the price elasticity of demand for? Kellogg's cereal?
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Elasticity is defined as the responsiveness of the dependen... View full answer

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