Multiple Choice
A recent sale at a department store advertised 50 percent price reductions on clothing.The store's clothing sales increased by 200 percent.The price elasticity of demand was
A) 0.25.
B) 0.5.
C) 1.0.
D) 2.5.
E) 4.0.
Correct Answer:
Verified
Correct Answer:
Verified
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