When the price elasticity of demand is 2 and the price increases by 10 percent,the quantity demanded
A)decreases by 2 percent.
B)decreases by 20 percent.
C)decreases by 5 percent.
D)increases by 2 percent.
E)increases by 20 percent.

Name: When the price elasticity of demand is 2 and the price increases by 10 percent,the quantity demanded A)decreases by 2 percent. B)decreases by 20 percent. C)decreases by 5 percent. D)increases by 2 percent. E)increases by 20 percent.
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Question

Quizplus · Accepted Answer

The Answer is B

When the Price Elasticity of Demand Is 2 and the Price