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When the price of a certain candy was $0.40, some company noticed that 800,000 units were sold. When the price changed to $0.50, it noticed

When the price of a certain candy was $0.40, some company noticed that 800,000 units were sold. When the price changed to $0.50, it noticed that 600,000 units were sold.

Calculate the appropriate elasticity. You will interpret your findings in the next question.

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