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

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

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

Edition: 19^th

Author: Miller

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You make an excellent tutor!

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