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If the Price Elasticity of Demand for Some Good Is

Question 145

Multiple Choice

If the price elasticity of demand for some good is 2.7,a 10% increase in the price results in


A) a 2.7% decrease in the quantity demanded.
B) a 2.7% increase in the quantity demanded.
C) a 27% increase in the quantity demanded.
D) a 27% decrease in the quantity demanded.
E) There is not enough information to answer this question.

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