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If the Quantity Demanded of a Product Fell from 11,000

Question 191

Multiple Choice

If the quantity demanded of a product fell from 11,000 to 10,000 when price rose from $9 to $10, the price elasticity of demand over this range is equal to approximately


A) − 0.1.
B) − 0.05.
C) − 0.9.
D) − 1.1.

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