The price of services at St. Elsewhere falls by 10 percent. What happens to the quantity of services demanded at Urban General?
A) Quantity demanded rises by 35.0 percent.
B) Quantity demanded falls by 3.5 percent.
C) Quantity demanded falls by 1.5 percent.
D) Quantity demanded rises by 5.0 percent.
E) Quantity demanded stays the same.
Correct Answer:
Verified
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