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The figure shows the demand for pens. Calculate the elasticity of demand when the price rises from $2 to $4 a pen. Over what price

The figure shows the demand for pens.

Calculate the elasticity of demand when the price rises from

$2 to $4 a pen.

Over what price range is the demand for pens elastic?

The elasticity of demand when the price rises from

$2 to $4 a pen is

enter your response here.

>>> Answer to 2 decimal places.

Part 2

The demand for pens is elastic at _______.

A.

all prices greater than $6 a pen

B.

all prices less than $4 a pen

C.

all prices less than $6 a pen

D.

a price of $6 a pen

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