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If the price elasticity of demand is 2, then a 1 percent fall in price 0 A. decreases the quantity demanded by 2 percent. 0

If the price elasticity of demand is 2, then a 1 percent fall in price 0 A. decreases the quantity demanded by 2 percent. 0 B. increases the quantity demanded by 2 percent. 0 c. decreases the quantity demanded by half. 0 D. increases the quantity demanded by 0.5 percent. 0 E. doubles the quantity demanded

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