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If the price elasticity of demand for a product is 2.5, then a price increase from $2.00 to $2.10 will: A decrease the quantity demanded

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If the price elasticity of demand for a product is 2.5, then a price increase from $2.00 to $2.10 will: A decrease the quantity demanded by about 12.5 percent. B decrease the quantity demanded by about 25 percent. increase the quantity demanded by about 12.5 percent. D increase the quantity demanded by about 25 percent

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