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When the Price of Kittens Was $20 Each,the Pet Shop

Question 193

Multiple Choice

When the price of kittens was $20 each,the pet shop sold 20 per month.When they raised the price to $30 each,they sold 14 per month.What is the elasticity of demand for kittens


A) 0.66
B) 0.94
C) 1.36
D) 1.66

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