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If the Price of Good X Rises from $4 to $5

Question 51

Multiple Choice

If the price of Good X rises from $4 to $5, and the quantity demanded of it falls from 200 units to 180 units, the absolute value of the price elasticity of demand is:


A) 2.1.
B) 0.47.
C) 1.4.
D) 0.4.

Correct Answer:

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