Mathematics, 23.08.2019 22:20 raekwon12
If the price elasticity of demand for a good is 2.0, then a 10 percent increase in price results in a: a) 5 percent decrease in the quantity demanded. b) 20 percent decrease in the quantity demanded. c) 40 percent decrease in the quantity demanded. d) 0.2 percent decrease in the quantity demanded.
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