Multiple Choice
To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5%,a consumer would need to ________ quantity demanded by ________.
A) increase; 5%
B) decrease; 5%
C) increase; 10%
D) decrease; 10%
E) increase; 2%
Correct Answer:

Verified
Correct Answer:
Verified
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