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Suppose That Percy Eats a 200-Gram Steak Eight Times Per

Question 105

Multiple Choice

Suppose that Percy eats a 200-gram steak eight times per month when the price is $10 and six times per month when the price is $12. What is the price elasticity of Percy's demand curve?


A) 0.636
B) 1.0
C) 1.25
D) 1.57

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