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 increases from $11 to $13?
Figure: The Demand for Scented Candles
A) 1
B) 1.22
C) 0.82
D) 0.4
Correct Answer:

Verified
Correct Answer:
Verified
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