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Initially, 5 0 0 units of good X were demanded at the price of 3 5 0 0 . After the price increased to 4

Initially, 500 units of good X were demanded at the price of 3500. After the price increased to 4000, the quantity demanded fell to 440. What is the elasticity of demand for good X?
a.0.127
b.0.759
c.1.021
d.0.957
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