If the price elasticity of demand for pineapples is 0.75, then a 4 percent increase in the price of pineapples will lead to a:
A. 0.75 percent increase in the quantity of pineapples demanded.
B. 3 percent increase in the quantity of pineapples demanded.
C. 0.75 percent decrease in the quantity of pineapples demanded.
D. 3 percent decrease in the quantity of pineapples demanded.
Answer: D
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