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The Owner of an Appliance Store Lowers the Price of Dishwashers

Question 180

Multiple Choice

The owner of an appliance store lowers the price of dishwashers from $400 to $350, which increases the number of dishwashers sold from 1,000 to 1,200. What is the elasticity of demand?


A) 1.25
B) 1.4
C) 1.36
D) 0.73

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