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If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100, what is the absolute value of the own
If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100, what is the absolute value of the own price elasticity at a price of $7 using the arc formula?
rev: 06_29_2013_QC_32218
0.57
1.2
0.02
1.24
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