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In Problem 5, the Demand Function for Drangles Is Given

Question 19

Multiple Choice

In Problem 5, the demand function for drangles is given by D(p) = (p + 1) -2. If the price of drangles is $4, then the price elasticity of demand is


A) -0.80.
B) -6.40.
C) -3.20.
D) -4.80.
E) -1.60.

Correct Answer:

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