tyler121902 tyler121902

20-01-2023
Mathematics

contestada

Suppose that the price elasticity of demand for mystery novels is 3. If we observe the quantity of mystery novels sold falling by 9%, what must have happened to price?
A. Price decreased by 3%.
B. Price increased by 3%.
C. Price decreased by 27%.
D. Price increased by 1%.

// Economics question but yeah.

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