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The Demand for Drangles Is Given by D(p) = (P

Question 24

Multiple Choice

The demand for drangles is given by D(p) = (p + 1) -2, where p is the price of drangles. If the price of drangles is $19, then the price elasticity of demand for drangles is


A) -3.80
B) -7.60
C) -5.70
D) -3.80.
E) -1.90

Correct Answer:

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