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7.The elasticity of demand for product A is 1.4, and for product B is 0.8. If the price of B increases by 2%, the quantity

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7.The elasticity of demand for product A is 1.4, and for product B is 0.8. If the price of B increases by 2%, the quantity demand should Select one: a. decrease by 0.8%. b. increase by 1.6%. C. increase by 0.8%. d. decrease by 1.6%. The correct answer is: decrease by 1.6%

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