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    If a 10 Percent Decrease in the Price of a Good
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If a 10 Percent Decrease in the Price of a Good

Question 26

Question 26

Multiple Choice

If a 10 percent decrease in the price of a good leads to a 20 percent increase in the quantity demanded, then what is the price elasticity of demand?


A) 0.5
B) 2
C) 10
D) 20

Correct Answer:

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