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3. The price of a generic drug is lowered from $1.20 per pill to $0.80 per pill, and the demand rises from 90 units to
3. The price of a generic drug is lowered from $1.20 per pill to $0.80 per pill, and the demand rises from 90 units to 110 units. What is the (arc) price elasticity of demand
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
