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Price Falls from $3 to $2,and the Quantity Demanded Rises

Question 123

Multiple Choice

Price falls from $3 to $2,and the quantity demanded rises from 360 units to 400 units.What is the price elasticity of demand between these two prices?


A) 0.26
B) 10.51
C) 0.68
D) 3.80
E) 2.04

Correct Answer:

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