if the price elasticity of demand for a product is 2.5, then a price cut from $2.00 to $1.80 will: ( note: don't use chat gpt or any ai bot)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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if the price elasticity of demand for a product is 2.5, then a price cut from $2.00 to $1.80 will:

( note: don't use chat gpt or any ai bot)

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