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Question
If the price elasticity of demand for Good A is - 0.2 and the price increases from $2.25 to $2.75, the percentage change in the quantity demanded of Good A is
a. -100 percent.
b. 100 percent.
c. 4.0 percent
d. - 4.0 percent.
e. unknown because not enough information is provided.
Answer
This answer is hidden. It contains 77 characters.
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