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If the price elasticity of demand is 2, this means that a __________ increase in price causes a __________ decrease in quantity...Question
If the price elasticity of demand is 2, this means that a _____________ increase in price causes a ____________ decrease in quantity demanded.
A. 15%; 100%
B. 15%; 10%
C. 20%; 40%
D. 30%; 20%
A. 15%; 100%
B. 15%; 10%
C. 20%; 40%
D. 30%; 20%
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