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The price elasticity of demand for widgets is 1.4. Assuming no change in the demand curve for widgets, a 14 percent decrease in sales implies

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The price elasticity of demand for widgets is 1.4. Assuming no change in the demand curve for widgets, a 14 percent decrease in sales implies a(n) Multiple Choice O 12 percent increase in price. O 24 percent increase in price. O 10 percent increase in price. O 19.6 percent increase in price

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