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The price and quantity demanded for a good are $7 and 25 units, respectively. When the price of the product increases to $10, the quantity
The price and quantity demanded for a good are $7 and 25 units, respectively. When the price of the product increases to $10, the quantity demanded falls to 15 units. Calculate the price elasticity of demand. Use the arc elasticity equation. O A. -0.8095 OB. -0.7432 C. -1.235 OD. -1.154
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