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BSU: If the price of petrol is N 200 and the price elasticity of demand...

BSU: If the price of petrol is N 200 and the price elasticity of demand is 0.4.How much will a 10% reduction in quantity placed on the market increase the price? Will total on petrol rise? If so by what percentage?
In Economics
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Asked by Effigyholy on 22nd May, 2015
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