Question: __ percentage change in quantity demanded _ . E= percentage change in price = 0.5 (in absolute value According to the elasticity computation, suppose the

__ percentage change in quantity demanded _ . E= percentage change in price = 0.5 (in absolute value According to the elasticity computation, suppose the price elasticity of demand for popcorn equals 0.5 (in absolute value). By how much would popcorn sales fall if the price increased by Instructions: Enter your responses as a whole number. a. 50 percent? [_|% b. 40 percent? C%

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