Question: If quantity demanded for athletic shoes rises by 10% when price decreases 2%, we know that the absolute value of the own-price elasticity of athletic

If quantity demanded for athletic shoes rises by 10% when price decreases 2%, we know that the absolute value of the own-price elasticity of athletic shoes is

A) 0.2.

B) 0.05

C) 5.0.

D) 20.

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