If the price elasticity of demand for a good is 2, then a 10 percent decrease in the quantity demanded must be the result of
a. a 0.2 percent increase in the price.
b. a 2.5 percent increase in the price.
c. a 5 percent increase in the price.
d. a 20 percent increase in the price.
c
Economics
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A curve showing the relationship between tax rates and tax revenues is called a __________ curve
A) Phillips B) Keynesian C) Gaussian D) Laffer
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