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Suppose the price of a bottle of water fell from $2.00 to $1.75. As a result, the quantity demanded increased from 2000 to 2200. The

Suppose the price of a bottle of water fell from $2.00 to $1.75. As a result, the quantity demanded increased from 2000 to 2200. The price elasticity of demand for bottled water is:

-800

-200

-0.8

-0.25

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