question archive If a 20 percent increase in the price of peanuts leads to a 10 percent decrease in the quantity demanded of peanuts, then the price elasticity of demand for peanuts is 2
If a 20 percent increase in the price of peanuts leads to a 10 percent decrease in the quantity demanded of peanuts, then the price elasticity of demand for peanuts is 2
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If a 20 percent increase in the price of peanuts leads to a 10 percent decrease in the quantity demanded of peanuts, then the price elasticity of demand for peanuts is 2.
A.True
B.False
Option 1
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