If the price elasticity of demand for cigarettes is 0.55, and the price of cigarettes increases by 10 percent, then the quantity of cigarettes demanded will fall by:

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If the price elasticity of demand for cigarettes is 0.55, and the price of cigarettes increases by 10 percent, then the quantity of cigarettes demanded will fall by:

A.5.5 percent.

B.55 percent.

C.550 percent.

D.0.55 percent.

正确答案:5.5 percent.

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