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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
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    Which of the Following Could Be the Price Elasticity of Demand
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Which of the Following Could Be the Price Elasticity of Demand

Question 128

Question 128

Multiple Choice

Which of the following could be the price elasticity of demand for a good for which a decrease in price would decrease revenue?


A) 0.8
B) 1
C) 1.8
D) 2.4

Correct Answer:

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