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Hanvold Company Recently Changed the Selling Price of One of Its

Question 8

Multiple Choice

Hanvold Company recently changed the selling price of one of its products.Data concerning sales for comparable periods before and after the price change are presented below. Hanvold Company recently changed the selling price of one of its products.Data concerning sales for comparable periods before and after the price change are presented below. The product's price elasticity of demand as defined in the text is closest to: A) -3.14 B) -3.55 C) -4.72 D) -2.90 The product's price elasticity of demand as defined in the text is closest to:


A) -3.14
B) -3.55
C) -4.72
D) -2.90

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