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If the price elasticity of demand for good A is -4, then a2% increase in A. consumer income will result in a2% increase in the
If the price elasticity of demand for good A is
-4, then a2% increase in
A.
consumer income will result in a2% increase in the demand for good A.
B.
the market price of good A will result in an8% increase in the quantity demanded of good A .
C.
the market price of good A will result in an8% decrease in the quantity demanded of good A .
D.
consumer income will result in a2% decrease in the demand for good A.
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