The own price elasticity of demand for good

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

A: Increase by 2%

B: Increase by 10%

C: Decrease by 2%

D: Decrease by 10%

Reference no: EM13997347

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