A price elasticity (ED) of -1.50 indicates...
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A price elasticity (ED) of -1.50 indicates that for a ____________ increase in price, quantity demanded will ____________ by ______________.
a one percent; increase; 1.50 units
b one unit; increase; 1.50 units
c one percent; decrease; 1.50 percent
d one unit; decrease; 1.50 percent
e ten percent; increase; fifteen percent
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