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If a ___ increase in price results in a 7 percent ___ in quantity demanded, everything else held constant, then it can be concluded that

If a ___ increase in price results in a 7 percent ___ in quantity demanded, everything else held constant, then it can be concluded that demand is price elastic. A. Less than 7; increase B. Greater than 7; increase C. Less than 7; decrease D. 7; decrease E. 7; increase F. Greater than 7; decrease

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