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When price increases from $10 to $12, quantity demanded falls from 5 to 2. What is the elasticity of demand for this price change? Question
When price increases from $10 to $12, quantity demanded falls from 5 to 2. What is the elasticity of demand for this price change?
Question 3 options:
A) 1/9
B) 1/3
C) 9
D) 3
E) 1.5
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