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asaini1254 asaini1254
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A year ago
If the price elasticity of demand is 1.2, then a 10% increase in price results in a

▸ 12% decrease in quantity demanded.

▸ 12% increase in quantity demanded.

▸ 12% decrease in total revenue.

▸ 1.2% increase in quantity demanded.

▸ 1.2% decrease in quantity demanded.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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abu-jahdoabu-jahdo
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A year ago
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