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ScottyAgau ScottyAgau
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5 years ago
If the absolute price elasticity of demand for good X is 0.5, when there is a 10 percent increase in price, we can conclude that quantity demanded
A) has fallen by 50 percent.
B) has fallen by 20 percent.
C) has fallen by 10 percent.
D) has fallen by 5 percent.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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lolawwlolaww
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ScottyAgau Author
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5 years ago
White Heavy Checkmark
 
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5 years ago
Don't forget to rate the answer too
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