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If, as price rises from $12 to $14, quantity demanded falls from 100 units to 85 units, price elasticity of demand is: (do not use

If, as price rises from $12 to $14, quantity demanded falls from 100 units to 85 units, price elasticity of demand is: (do not use midpoint method)

a. 1.05.

b. 3.19.

c. 1.86.

d. 4.77.

e. 0.95.

Why is the answer 1.05?

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