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The Price of a Bag of Pretzels Rises from $2

Question 96

Multiple Choice

The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60.What is the price elasticity of demand?

A) 1.0
B) 1.25
C) 40.0
D) 20.0
E) 0.80

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