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34) Suppose that the quantity demanded of paperback novels rises from 80 000 to 120 000 units per month when the price falls from $11

34) Suppose that the quantity demanded of paperback novels rises from 80 000 to 120 000 units per month when the price falls from $11 to $9 per unit. The price elasticity of demand for this product is A) 3/2. B) 1. C) 2. D) 1/3. E) 2/3

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