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Suppose a Fall in the Price of a Good from $10

Question 26

Multiple Choice

Suppose a fall in the price of a good from $10 to $8 leads to an increase in quantity demanded from 20 to 24 units. The price elasticity of demand is

A) 1.
B) 9/11.
C) 11/9.
D) 2.0.
E) 4.5/11.

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