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Consider that a restaurant sells 500 bottles of wine when the price is $17. A huge increase in resource costs forces the restaurant to raise

Consider that a restaurant sells 500 bottles of wine when the price is $17. A huge increase in resource costs forces the restaurant to raise the price to $23 and the firm only manages to sell 460 bottles. Calculate the price elasticity of demand and choose the correct answer below. 0.42 0.28 2.42 3.60

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