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As the Price of Dvds Increases from $3 to $5,the

Question 20

Multiple Choice

As the price of dvds increases from $3 to $5,the quantity demanded falls from 220,000 to 180,000. The price elasticity of demand for dvds is:

A) -0.40
B) -0.33
C) -3.00
D) -2.50

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