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Taco Bell's Economists Determine That the Price Elasticity of Demand

Question 213

Multiple Choice

Taco Bell's economists determine that the price elasticity of demand for their tacos is 2.0. So, if Taco Bell raises the price of its tacos by 6.0 percent, the quantity demanded will decrease by ________ percent.


A) 2.0
B) 3.0
C) 6.0
D) 12.0

Correct Answer:

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