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Suppose the price elasticity of demand for bread is 1.5. If the price of bread falls by 6 percent, the quantity demanded will increase by

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Suppose the price elasticity of demand for bread is 1.5. If the price of bread falls by 6 percent, the quantity demanded will increase by Multiple Choice O 9 percent and total expenditures on bread will fall O 9 percent and total expenditures on bread will rise O 4 percent and total expenditures on bread will fall. O 4 percent and total expenditures on bread will rise

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