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Suppose the price of a bus ticket rises from $2.00 to $2.50 and the number of tickets sold falls from 10 000 to 8500. The

Suppose the price of a bus ticket rises from $2.00 to $2.50 and the number of tickets sold falls from 10 000 to 8500. The price elasticity of demand is:

Select one:

a.perfectly inelastic.

b.Inelastic.

c.elastic.

d.perfectly elastic.

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