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Answer to Question #25712 in Economics of Enterprise for Tammie
Question #25712
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 increased by 10% and there is a 5% drop in the quantity demanded.
The price of a pack of cigarettes increased by 10% and there is a 5% drop in the quantity demanded.
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Unfortunately, the statement of your question is a bit confusing.
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Unfortunately, the statement of your question is a bit confusing.
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