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Fiona's Fish Emporium Increased Its Total Monthly Revenue from $1,500

Question 113

Multiple Choice

Fiona's Fish Emporium increased its total monthly revenue from $1,500 to $1,800 when it raised the price of tropical fish from $5 to $9.The price elasticity of demand for Fiona's Fish Emporium is


A) 0.57.
B) 0.70.
C) 1.43.
D) 2.20.

Correct Answer:

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