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40. If the price elasticity of demand for a good is 0.94, then which of the following events is consistent with a 4 percent decrease

40. If the price elasticity of demand for a good is 0.94, then which of the following events is consistent with a 4 percent

decrease in the quantity of the good demanded?

a. a 0.235 percent increase in the price of the good

b. a 2.350 percent increase in the price of the good

c. a 3.760 percent increase in the price of the good

d. a 4.255 percent increase in the price of the good

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