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uppose a rise in the price of peaches from $5.50 to $6.50 per bushel decreases the quantity demanded from 12,500 to 11,500 bushels. The price

uppose a rise in the price of peaches from $5.50 to $6.50 per bushel decreases the quantity

demanded from 12,500 to 11,500 bushels. The price elasticity of demand is

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