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Listen If the absolute value of the price elasticity of demand for a good is equal to 2, then a 40 percent increase in quantity demanded would result from a a) 80 percent decrease in price. O b) 20 percent decrease in price. O c) 10 percent decrease in price. O d) 10 percent increase in price. Question 29 (Mandatory) (4 points) Saved 40 Listen If a driver is able to avoid a traffic jam on the freeway by taking a side street, that person is made better off. However, if we had concluded that everybody would be better off by taking the side street, which of the following would be involved? O a) The scientific method O b) The fallacy of composition O c) The Post Hoc fallacy d) Interpretation of association as causation