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Home Q & A Board Other Fields Homework Help Business Economics
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mewdie mewdie
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6 years ago
If the absolute price elasticity of demand is 2.5, a 10 percent increase in the price will cause
A) the quantity demanded to decrease by 2.5 percent.
B) the quantity demanded to decrease by 25 percent.
C) the quantity demanded to decrease by 4 percent.
D) the quantity demanded to decrease by 40 percent.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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brbri1219brbri1219
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#1
6 years ago
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mewdie Author
wrote...

6 years ago
Smart ... Thanks!
nsak
wrote...

Yesterday
Thank you, thank you, thank you!
Tim0301
wrote...

2 hours ago
Good timing, thanks!
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