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A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by
7.5 percent
7.8 percent
10.2 percent
10 percent
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Data change over a period
Data Interpretation
Reading Comprehension
Verbal Ability
Odd One Out
Coins and Weights
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Number Systems
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Para Jumbles
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Coordinate Geometry
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