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Exhibit: Estimating Price Elasticity Price per unit DA P2 - D3 D1 D2 Quantity per period 7. (Exhibit: Estimating Price Elasticity) Between the two prices,

Exhibit: Estimating Price Elasticity Price per unit DA P2 - D3 D1 D2 Quantity per period 7. (Exhibit: Estimating Price Elasticity) Between the two prices, P1 and P2, the absolute value of the price elasticity of demand is for D2. a. 0 b. greater than 1 c. equal to 1 d. greater than 0 but less than 1

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