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Good Afternoon! Can you explain this question to me? If the absolute value of slope of the demand curve is 2.5, price is $6 per
Good Afternoon!
Can you explain this question to me?
If the absolute value of slope of the demand curve is 2.5, price is $6 per unit, and the quantity demanded is 8 units, then the price elasticity of demand is:
A) 0.533.
B) 1.875.
C) 1.6.
D) 0.3.
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