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    Exam 6: Describing Supply and Demand: Elasticities
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    Charlie Will Purchase 10 Percent More Cans of Coke If
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Charlie Will Purchase 10 Percent More Cans of Coke If

Question 159

Question 159

Multiple Choice

Charlie will purchase 10 percent more cans of Coke if the price of a can of Coke falls by 5 percent. Charlie's price elasticity of demand for cans of Coke is:


A) 10.
B) 5.
C) 2.
D) 1/2.

Correct Answer:

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