Own-price elasticity of demand

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Given that the own-price elasticity of demand for shirts is -0.5, if the price of shirts decreases by 10%, what will happen to the quantity demanded of shirts?

Reference no: EM13815862

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Own-price elasticity of demand : Given that the own-price elasticity of demand for shirts is -0.5, if the price of shirts decreases by 10%, what will happen to the quantity demanded of shirts?
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