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The Quantity of Raspberries Sold at a Local Store Increases

Question 259

Multiple Choice

The quantity of raspberries sold at a local store increases from 100 pints to 1,500 pints when the price is reduced from $4.00 to $1.00. In this situation, the absolute price elasticity of demand for raspberries is approximately


A) 0.69.
B) 6.7.
C) 1.46.
D) 4.3.

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