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Part 2 of 10 - Elasticity Question 9 of 38 1 Points If the price elasticity for avocados at the local grocery store is 0.7, and the price of avocados increases by 20%, what happens to quantity demanded, and by what percent does it change? A. increases by 14% O B. increases by 20% C. decreases by 20% D. decreases by 14% Reset Selection