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10. The price elasticity of demand for a good is -1.8. If the price of the good increases by 10%, the quantity demanded will: a) increase by 1.8% b) decrease by 1.8% c) increase…

10. The price elasticity of demand for a good is -1.8. If the price of the good increases by 10%, the quantity demanded will: a) increase by 1.8% b) decrease by 1.8% c) increase…
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10. The price elasticity of demand for a good is -1.8.

If the price of the good increases by 10%, the quantity demanded
will:
a) increase by 1.8%
b) decrease by 1.8%
c) increase by 18%
d) decrease by

User Ellisdod
by
7.6k points

1 Answer

4 votes
B is the correct answer
User Vismark Juarez
by
8.4k points
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