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The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a decrease in the quantity demanded. Select one:

The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a decrease in the quantity demanded. Select one: O a. 5 percent O b. 50 percent O c. 10 percent O d. 2 percent

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