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For routine health care, the price elasticity of demand has been estimated as –0.17. Supposing this is true, if medical fees were to go up 35%, what would be the percentage change in the number of doctor visits? Round to one decimal place as necessary, and treat a percentage drop as a negative percentage increase.
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For routine health care, the price elasticity of demand has been estimated as –0.17. Supposing this...
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