If the price elasticity of demand for a good is 0 45 then which of...

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If the price elasticity of demand for a good is 0 45 then which of the following events is consistent with a 9 percent decrease in the quantity of the good demanded a 20 percent increase in the price of the good O a 0 05 percent increase in the price of the good O a 4 05 percent increase in the price of the good O a 0 5 percent increase in the price of the good

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If the price elasticity of demand for a good is 0 45 then which of the following events is consistent with a 9 percent decrease in the quantity of the good demanded a 20 percent increase in the price of the good O a 0 05 percent increase in the price of the good O a 4 05 percent increase in the price of the good O a 0 5 percent increase in the price of the good

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