Answer to Question #14271 in Economics of Enterprise for Cater

Question #14271
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quantity demanded.
The price of water increases by 15% but there is no drop in the quantity demanded.
1
Expert's answer
2012-09-06T07:50:25-0400
Dear visitor
Unfortunately, the statement of your question is a bit confusing.
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