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Maria's Yoga studio recently increased the price from $15 to $21 per class. This is a 40% increase. As a result, Maria only goes half
Maria's Yoga studio recently increased the price from $15 to $21 per class. This is a 40% increase. As a result, Maria only goes half as often as she used to, decreasing her attendance by 50%. Thus, her price elasticity of demand for yoga classes is Question 10Select one: A. 0.80. B. O.40. C. 1.25. D. 1.00. E. 1.50
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
