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A store owner is selling shirts at a price of $25 each. At this price, 300 shirts are sold. The owner then puts the shirts

A store owner is selling shirts at a price of $25 each. At this price, 300 shirts are sold. The owner then puts the shirts on sale, offering them for $20 each. At this price, 400 shirts are sold. What is the price elasticity of demand in this example?

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