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The price elasticity of demand for widgets is 2. Assuming no change in the demand curve for widgets, an increase in sales of 12 percent

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The price elasticity of demand for widgets is 2. Assuming no change in the demand curve for widgets, an increase in sales of 12 percent implies a(n) 20 Multiple Choice Book O 12 percent reduction in price. O 24 percent reduction in price. O 6 percent reduction in price. O 20 percent reduction in price. Gra Type here to search O 9 C

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