Multiple Choice
When the price of kittens was $25 each,the pet shop sold 20 per month.When they raised the price to $35 each,they sold 14 per month.The price elasticity of demand for kittens is about
A) 1.66.
B) 1.06.
C) 0.94.
D) 0.60.
Correct Answer:
Verified
Correct Answer:
Verified
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