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Business, 29.03.2021 16:40 slawson4328

If the price elasticity of demand for a product is 0.5, then a price cut from $3.00 to $2.70 will Multiple Choice increase the quantity demanded by about 50 percent. decrease the quantity demanded by about 5 percent. increase the quantity demanded by about 5 percent. increase the quantity demanded by about 20 percent.

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