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Price Rises from $10 to $12,and the Quantity Demanded Falls

Question 188

Multiple Choice

Price rises from $10 to $12,and the quantity demanded falls from 200 units to 100 units.What is the price elasticity of demand between these two prices?


A) 0.18
B) 3.67
C) 1.86
D) 0.27

Correct Answer:

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