In the percantage of change in quantity to original
quantity o:4 and Elasity suplyy each 1.25 calculate
percentage Change in price
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Explanation:
percentage change in quantity demanded is -40 (the change, or fall in demand) divided by 80 (the original amount demanded) multiplied by 100. -40 divided by 80 is -0.5. Multiply this by 100 and you get -50%.
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