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 $3 to $1?
Figure: The Demand for Scented Candles
A) 19
B) 0.9
C) 0.05
D) 1
Correct Answer:

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Correct Answer:
Verified
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