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Exhibit 5-2 Price and Quantity Demanded Data -Using Exhibit 5-2, What Is the Price Elasticity of Demand
Multiple Choice
Exhibit 5-2 Price and quantity demanded data
-Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1.
B) 1.25.
C) 0.8.
D) 2.0.
E) 0.4.
Correct Answer:

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Correct Answer:
Verified
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