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QUESTION

An economist has estimated the demand for cable television services in Eastern Pennsylvania, and has found the following elasticities: Price...

customers by 20 percent, the cable company should reduce its price by 16 percent.

Running head: DEMAND FOR CABLE Demand for CablesNames:Institution: 1 DEMAND FOR CABLES 2 A. FalseBy calculating the price elasticity of the demand one needs to examine the effect of the price...
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