Respuesta :

PoisonMocha
Increase quantity demanded by 5 percent

Decrease quantity demanded by 5 percent

Given that;

Price elasticity of demand for a product = 0.5

Percent decrease in price = 10 percent

Find:

Decrease quantity demanded

Computation

10 Percent decrease in price = 0.5 x 10%

10 Percent decrease in price = 5%

Decrease quantity demanded by 5 percent

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https://brainly.com/question/8636640?referrer=searchResults

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