Edt = - 5. This means that if
A. Pt increases by 5 percent, then Qdt will decrease by 1 percent.
B. Pt increases by 1 percent, Qdt will decrease by 5 percent.
C. Pt decreases by $1, Qdt will decrease by 5 units.
D. Qdt increases by 5 percent, Pt will decrease by 1 percent.
Answer: B
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