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If the Elasticity of Demand for Good a Is -3,a

Question 37

Multiple Choice

If the elasticity of demand for Good A is -3,a 33 percent decrease in quantity demanded of Good A results from a(n) ________ in the price of Good A.

A) 99 percent decrease
B) 99 percent increase
C) 11 percent decrease
D) 11 percent increase
E) 33 percent decrease

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