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If the demand for product X is inelastic, a 10 percent decrease in the price of X will Multiple Choice increase the quantity of X

If the demand for product X is inelastic, a 10 percent decrease in the price of X will

Multiple Choice

increase the quantity of X demanded by less than 10 percent.

increase the quantity of X demanded by more than 10 percent.

decrease the quantity of X demanded by less than 10 percent.

decrease the quantity of X demanded by more than 10 percent.

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