Question: Quantity demanded for a cell phone falls by 5% when its price rises by 2%. Calculate the price elasticity of demand for the cell phone.

Quantity demanded for a cell phone falls by 5% when its price rises by 2%. Calculate the price elasticity of demand for the cell phone. Show your equations

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Quantity demanded for a cell phone falls by 5% when its price rises by 2%. Calculate the price elasticity of demand for the cell phone. Show your equations

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