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Suppose the demand curve for tea is given by q = 40 p 2, where p is the price per cup. If the price per

Suppose the demand curve for tea is given by q = 40 p 2, where p is the price per cup. If the price per cup is $3, then the price elasticity of demand for tea is: O -6 O -1 O -3 O -2 O -0.5

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