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If the Quantity of Harley-Davidson Motorcycles Demanded Decreases by 10

Question 7

Multiple Choice

If the quantity of Harley-Davidson motorcycles demanded decreases by 10% when the price increases by 20%, the price elasticity of demand for Harley-Davidson motorcycles is:


A) -0.50
B) -2.0
C) -10.0
D) -20.0

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