Question: 1 1 If a 2 0 percent decrease in the price of a good leads to a 3 0 percent increase in the quantity demanded,

11
If a 20 percent decrease in the price of a good leads to a 30 percent increase in the quantity demanded, then what is the price elasticity of demand?
Multiple Choice
0.67
6.67
1.5
0.15
11 If a 20 percent decrease in the price of a

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