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The price of a car wash falls from $10 to $9. In response to this price change, the quantity demanded for car washes increases by
The price of a car wash falls from $10 to $9. In response to this price change, the quantity demanded for car washes increases by 20%. Based on the midpoint method, what valu is closest to the absolute value of the price elasticity of demand for car washes? -0.5, 0.5 , 2 , 0, -2
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