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QUESTION 2 Suppose that the quantity of a good demanded rises from 90 units to 110 units when the price falls from $1.20 to 80

QUESTION 2

  1. Suppose that the quantity of a good demanded rises from 90 units to 110 units when the price falls from $1.20 to 80 cents per unit. The price elasticity of demand for this product is
  4. A.4.0
  5. B.2.0
  6. C.1.5
  7. D.0.5
  8. E.1.0

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