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Suppose that when the price of a good rises from $1.00 to $1.50 per unit, the quantity demanded decreases.from 2000 to 1000 units. The price

Suppose that when the price of a good rises from $1.00 to $1.50 per unit, the quantity demanded decreases.from 2000 to 1000 units. The price elasticity of demand for this product is: Select one: a. 4 O b. 2 c. 1 O d. 0.16 Next page

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