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The own-price elasticity of demand for gasoline has been estimated to be ?2.0. If the price of gasoline changes by 10 percent, then the change

The own-price elasticity of demand for gasoline has been estimated to be ?2.0. If the price of gasoline changes by 10 percent, then the change in quantity demanded of gasoline will be

Multiple Choice

20 percent..
5 percent.
2 percent.
30 percent.

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