if a 10 increase in the price of computers leads, Microeconomics

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if a 10 increase in the price of computers leads

If a 10% increase in the price of computers leads to a 20% reduction in the quantity demanded, what is the coefficient of demand elasticity? 2. A local government wants to increase bus riders by 20%. Bus service has an elasticity coefficient of .25. Therefore, what must price change in order to increase bus riders? 3. If the coefficient of demand elasticity is 2, a 10% reduction in price will increase the quantity demanded by what percentage?

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Microeconomics: if a 10 increase in the price of computers leads

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