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When the Price of a Bracelet Was $28 Each,the Jewelry

Question 290

Multiple Choice

When the price of a bracelet was $28 each,the jewelry shop sold 128 per month.When it raised the price to $32 each,it sold 112 per month.Using the midpoint method,the price elasticity of demand for bracelets is


A) 1.14.
B) 1.
C) 0.25.
D) 0.13.

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