Expect the quantity demanded of good

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Reference no: EM13896834

Suppose the own price elasticity of demand for good X is −0.2, and the price of good X decreases by 10 percent. We would expect the quantity demanded of good X to:

a. increase by 2 percent.

b. increase by 10 percent.

c. decrease by 2 percent.

d. decrease by 10 percent.

Reference no: EM13896834

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