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:

Verified
Correct Answer:
Verified
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