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The price elasticity of demand for wheat is 0.6. Suppose that the quantity demanded of wheat has cut by 2 percent. We can infer that

The price elasticity of demand for wheat is 0.6. Suppose that the quantity demanded of wheat has cut by 2 percent.

We can infer that the price of wheat(fell/rose) by whatpercent?

The price of wheat

A. fell

B. rose

By _____ Percwnt

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