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QUESTION

Suppose you learn that Howard Industries is expected to raise the price of its pool cleaner ( P H ) by 3 percent next period.

Suppose you learn that Howard Industries is expected to raise the price of its pool cleaner (PH) by 3 percent next period. Holding other factors constant, calculate the predicted percentage increase or decrease in quantity demanded of Stingrays as a result of the expected 3 percent rise in the price of pool cleaner (PH) sold by Howard Industries.

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