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Question
When the price elasticity of demand is -0.6, then a ________ increase in price leads to a ________ in quantity demanded.
a. 10 percent; 6 percent increase
b. 10 percent; 6 percent decrease
c. 6 percent; 6 percent increase
d. 1 percent; 6 percent decrease
e. 6 percent; 1 percent decrease
Answer
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Related questions
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