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What was the percentage change in price

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Question

The price elasticity of demand for Stork ice cream is -4. Suppose you're told that following a price increase, quantity demanded fell by 10 percent. What was the percentage change in price that brought about this change in quantity demanded?

Select one:

a. 2.5 percent

b. 0.4 percent

c. 25 percent

d. 40 percent

Reference no: EM132335782

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