Find the change in your expenditure on bananas

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Reference no: EM132113430

Question: Your price elasticity of demand for bananas is 4. If the price of bananas rises by 5 percent, what is:

a. The percentage change in the quantity of bananas you buy?

b. The change in your expenditure on bananas?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132113430

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