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Which of the following illustrates elastic demand? Select one: O A. A 10% increase in price causes a 5% decrease in quantity demanded. O B.

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Which of the following illustrates elastic demand? Select one: O A. A 10% increase in price causes a 5% decrease in quantity demanded. O B. A 10% increase in price causes a 20% decrease in quantity demanded. O C. A price elasticity of 1.0. O D. A 10% increase in price causes a 10% reduction in quantity demanded

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