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Business, 19.10.2021 14:00 kedest

If the price elasticity of demand for a good is 0.3, then a 20 percent decrease in price results in a a. 6 percent increase in the quantity demanded. b. 66 percent increase in the quantity demanded. c. 0.6 percent increase in the quantity demanded. d. 0.015 percent increase in the quantity demanded.

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