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Suppose That the Quantity of a Good Demanded Rises from 90

Question 50

Multiple Choice

Suppose that the quantity of a good demanded rises from 90 units to 110 units when the price falls from $1.20 to 80 cents per unit.The price elasticity of demand for this product is


A) 0.5.
B) 1.0.
C) 1.5.
D) 2.0.
E) 4.0.

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