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If the price elasticity of demand for Harley-Davidson motorcycles is-1.2 and quantity demanded increases by 24%, price must have a.decreased by 20%. b.increased by 20%.

If the price elasticity of demand for Harley-Davidson motorcycles is-1.2 and quantity demanded increases by 24%, price must have

a.decreased by 20%.

b.increased by 20%.

c.decreased by 28.8%.

d.decreased by 0.05%.

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