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D Question 13 3 pts Suppose the price elasticity of demand for peanut butter is -2.50. This implies that a 20 percent increase in

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D Question 13 3 pts Suppose the price elasticity of demand for peanut butter is -2.50. This implies that a 20 percent increase in the price of peanut butter will cause the quantity demanded of peanut butter purchased to O rise by 8 percent. O fall by 50 percent. rise by 5 percent. O fall by 8 percent.

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