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When the price of a box of cereal is$5, the quantity demanded is 800 boxes. When the price of a box of cereal is$7, the

When the price of a box of cereal is$5, the quantity demanded is 800 boxes. When the price of a box of cereal is$7, the quantity demanded is 400 boxes. Calculate the price elasticity of demand when the price of a box of cereal is$6.

A.

2.0

B.

200

C.

1.0

D.

0.005

E.

0.5

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