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Refer to the Following Table Showing a Demand Schedule

Question 7

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refer to the following table showing a demand schedule:
refer to the following table showing a demand schedule: -When the price of corn dogs is $0.50, 10,000 corn dogs are demanded. When the price of corn dogs is $1.20, 5,000 are demanded. What is the price elasticity of demand for corn dogs? A) -0.40 B) -0.81 C) -1.20 D) -1.40
-When the price of corn dogs is $0.50, 10,000 corn dogs are demanded. When the price of corn dogs is $1.20, 5,000 are demanded. What is the price elasticity of demand for corn dogs?


A) -0.40
B) -0.81
C) -1.20
D) -1.40

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