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dwilliams11 dwilliams11
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5 years ago
If the price elasticity of demand for good A is -2, then a 1% increase in

• the market price of good A will result in a 2% increase in the quantity demanded of good A.

• consumer income will result in a 2% increase in the demand for good A.

• consumer income will result in a 2% decrease in the demand for good A.

• the market price of good A will result in a 2% decrease in the quantity demanded of good A.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jfinn1021jfinn1021
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5 years ago
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dwilliams11 Author
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5 years ago
Thank you, thank you, thank you!
shimyshiguy
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Yesterday
You make an excellent tutor!
momochiime
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2 hours ago
Correct Slight Smile TY
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