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【单选题】
If the price elasticity of demand for a good is 0.8, then aA.
1 percent rise in the price leads to a 0.8 percent decrease in the quantity demanded.
B.
one dollar rise in the price leads to a 0.8 percent decrease in the quantity demanded.
C.
1 percent rise in the price leads to an 80 percent decrease in the quantity demanded.
D.
1 percent rise in the price leads to an 8 percent decrease in the quantity demanded.
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举一反三
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