Price elasticity of demand for stock is 1.5

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Price elasticity

Question:-

         Price elasticity of demand for stock is 1.5. This means that foe every 10% increase in stock prices, the quantity demanded will decline by 15 %. Does this make sense? Explain.

 

 

 

    • 12 years ago
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    Price elasticity of demand for stock is 1.5
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