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If, as the Price of Good Y Rises from $5

Question 130

Multiple Choice

If, as the price of good Y rises from $5.00 to $5.75, the quantity demanded of good Y falls from 54 units to 48 units, price elasticity of demand for good Y in this price range is


A) 1.05.
B) 1.19.
C) 0.37.
D) 4.77.
E) 0.84.

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