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Suppose an Increase in Price Decreases Quantity Demanded from 210

Question 104

Multiple Choice

Suppose an increase in price decreases quantity demanded from 210 to 190.Using the mid-point formula,the percentage change in quantity demanded is:


A) 2 = 200 percent.
B) 0.2 = 20 percent.
C) 0.2 = 20 percent
D) 0.1 = 10 percent

Correct Answer:

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