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As the Price for Some Product Increases from $4

Question 4

Multiple Choice

As the price for some product increases from $4.00 to $5.00 per unit,quantity demanded decreases from 400 to 300 units per month.For this segment of the demand curve,the price elasticity of demand is


A) 7/9.
B) 1.
C) 9/7.
D) 7.
E) 9.

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