Manufacturers to make computers much more cheaply

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Suppose there is a technological change that allows manufacturers to make computers much more cheaply. In fact, the retail price falls by 15% ceteris paribus. a) if the price elasticity of demand is -0.8, how much does the quantity demanded change? b) statement: the producers are definitely better off: Is this true, false, uncertain or not enough information? explain why 2) In an alternative scenario, ceteris paribus, suppose there is a new tax on internet service. The cum-tax monthly bill increases by 10%. a) If the price elasticity of demand is -0.45, how much does the quantity demanded change? b) Statement: the internet companies are definitely worse off. Is this true, false, uncertain, or not enough information. Explain why.

Reference no: EM131096657

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