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Show work If the price of the product goes up from $20 to $25 while the quantity demanded goes down from 800 to 600 units
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If the price of the product goes up from $20 to $25 while the quantity demanded goes down from 800 to 600 units per month, what is the price elasticity of demand?
A) 1.29
B) 0.25
C) 0.78
D) 1.00
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