If the price elasticity of demand for wine is estimated to be -.6, the – McqOptions

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1.	If the price elasticity of demand for wine is estimated to be -.6, then a 20% increase in price of wine will lead to .in quantity demanded of wine at that price
A.	12% increase
B.	12% decrease
C.	19.6% increase
D.	20.6% decrease
Answer» C. 19.6% increase

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