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

Question 6

Multiple Choice

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

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

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