Multiple Choice
(Use Figure: The Demand for Scented Candles) Use the figure The Demand for Scented Candles. What is the price elasticity of demand when price decreases from $6 to $4?
Figure: The Demand for Scented Candles
A) 0.43
B) 2.33
C) 1
D) 0.4
Correct Answer:
Verified
Correct Answer:
Verified
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