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Economics

If the price elasticity of demand for good Y is â€“ 0.75, when there is a 30 percent increase in price, we can conclude that quantity demanded

A) has fallen by 0.25 percent.

B) has fallen by 25 percent.

C) has fallen by 22.5 percent.

D) has fallen by 40.0 percent.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229803

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