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Question: If a 20% increase in price for a good results in a 15% decrease in quantity demanded, the price elasticity of demand is Group

Question: If a 20% increase in price for a good results in a 15% decrease in quantity demanded, the price elasticity of demand is

Group of answer choices

A. 0.15

B. 0.75

C. 0.2

D. 1.25

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