Question: Last year, the Corner Stone Cafe sold 1 , 0 0 0 bagels for a retail price of $ 1 . 0 0 . This

Last year, the Corner Stone Cafe sold 1,000 bagels for a retail price of $1.00. This year, it raised the price to $1.25 and sold 850 bagels. Based on this data, what is the price elasticity coefficient for this item?
Group of answer choices
1.20
1.67
0.60
0.20

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