Question: Suppose that legalizing the use of heroin would decrease its price by 93 percent. If the price elasticity of demand for heroin is -2.50, what

Suppose that legalizing the use of heroin would decrease its price by 93 percent. If the price elasticity of demand for heroin is -2.50, what would be the percentage increase in the quantity of heroin demanded from legalizing heroin? percent. (Enter a numeric response using a real number rounded to two decimal places.) Suppose instead that the price elasticity of demand for heroin is -0.28. What would be the percentage increase in the quantity of heroin demanded from legalizing heroin? percent (enter your response rounded to two decimal places) The higher the absolute value of the price elasticity of demand for heroin, the the increase in heroin use that would result from legalization

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