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To Keep the Percentage Change in Quantity Demanded Equally Proportional

Question 113

Multiple Choice

To keep the percentage change in quantity demanded equally proportional to the percentage change in price when the prices rise by 5 percent,a consumer would need to ________ quantity demanded by ________.


A) increase; 5 percent
B) decrease; 5 percent
C) increase; 10 percent
D) decrease; 10 percent
E) increase; 2 percent

Correct Answer:

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