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The elasticity of demand for productAis 1.4, and for productBis 0.8. If the price of Bincreases by 2%, the quantity demand should Select one: a.decrease

The elasticity of demand for productAis 1.4, and for productBis 0.8. If the price of

Bincreases by 2%, the quantity demand should

Select one:

a.decrease by 1.6%.

b.decrease by 0.8%.

c.increase by 1.6%.

d.increase by 0.8%.

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