if the price elasticity of demand is 2, a 10 percent increase in the price will cause: the quantity demanded to decrease by 5 percent b. the QD to…

if the price elasticity of demand is 2, a 10 percent increase in the price will cause:

a. the quantity demanded to decrease by 5 percent

b. the QD to decrease by 2 percent

c. the qd to decrease by .2 percent

d. the qd to decrease by 20 percent