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6 Pages

### Mdt1-1A

Course: ECO 201, Spring 2008
School: American University of...
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Word Count: 1131

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201 MIDTERM ECO 1 A Dr. Antonio Saravia Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. If the price elasticity of demand for a good is 4.0, then a 10 percent increase in price would result in a a. 40 percent decrease in the quantity demanded. b. 400 percent decrease in the quantity demanded. c. 4.0 percent decrease in the quantity demanded. d. 10...

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