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As the Price of Dvds Is Raised from $3 to $5,their

Question 8

Multiple Choice

As the price of dvds is raised from $3 to $5,their quantity demanded fell from 200,000 to 180,000.The elasticity of demand of dvds is:

A) 0.21
B) 1.28
C) 3.52
D) 0.65

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