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When the price is $6 a firm earns revenue of $1800.When the price is $8 a firm earns revenue of $640.Use this information to calculate
When the price is $6 a firm earns revenue of $1800.When the price is $8 a firm earns revenue of $640.Use this information to calculate the elasticity of demand.
Question 15 options:
A)
4
B)
0.6
C)
9
D)
0.25
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