If the
price
increases by 1% then the
demand
will...
...decrease by
1
E
\displaystyle {\frac{{{1}}}{{{E}}}}
E
1
%
...decrease by
E
\displaystyle {E}
E
%
...increase by
1
E
\displaystyle {\frac{{{1}}}{{{E}}}}
E
1
%
...increase by
E
\displaystyle {E}
E
%
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