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When the price of corn dogs is P1= $0.50, Q1= 10,000 corn dogs are demanded.When the price of corn dogs is increased to P2= $1.20,

When the price of corn dogs is P1= $0.50, Q1= 10,000 corn dogs are demanded.When the price of corn dogs is increased to P2= $1.20, Q2= 5,000 corn dogs are demanded.What is the price elasticity of demand for corn dogs in this price range?

A. -0.40

B. -0.81

C. -1.20

D. -1.40

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