Refer to the table below. Demand has an elasticity of 3.5 if the price falls from Price Quantity demanded (dollars per unit) (units) 9.00 0
Refer to the table below. Demand has an elasticity of 3.5 if the price falls from Price Quantity demanded (dollars per unit) (units) 9.00 0 8.00 2,000 7.00 4,000 6.00 6,000 5.00 8,000 4.00 10,000 3.00 12,000 2.00 14,000 1.00 16,000 0 18,000 Select one: O a. $8 to $7. O b. $7 to $6. O c. $6 to $5. O d. $5 to $4. O e. $4 to $3
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