Multiple Choice
When the price of a pair of shoes is $80,10 pairs are demanded.When the price of the pair of shoes is $60,20 pairs are demanded.Using the initial value,the elasticity of demand is ________ starting at a price of $80 and ________ starting at a price of $60.
A) 2;3
B) 3/2;4
C) 3;2
D) 4;3/2
Correct Answer:
Verified
Correct Answer:
Verified
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