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Initially you are consuming 13 units of a good whose price is $1.75. The price of the good falls to $1.00 and you now consume
Initially you are consuming 13 units of a good whose price is $1.75. The price of the good falls to $1.00 and you now consume 23 units of the good. Assuming all else constant, your price elasticity of demand for this good is closest to? Show your calculation.
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