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Suppose That the Quantity Demanded of Skipping Ropes Rises from 1250

Question 13

Multiple Choice

Suppose that the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls from $1.25 to $0.75 per unit. The price elasticity of demand for this product is


A) 2.
B) 2/3.
C) 1/3.
D) 3/2.
E) 1.

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