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Quickly Question 8 Not yet answered Marked out of 1.00 Flag question If price elasticity of demand is 1.5, then a 20% increase in the

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Question 8 Not yet answered Marked out of 1.00 Flag question If price elasticity of demand is 1.5, then a 20% increase in the price level will lead to a reduction in the quantity demanded by: Select one: a. 35% b. 30% c. 13.33% d. 167%

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