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If at a Price of $10, Quantity Bought Will Be

Question 17

Multiple Choice

If at a price of $10, quantity bought will be 5400 per day, and at $15, quantity bought will be 4600 per day, then the price elasticity of demand is approximately:


A) 0.2.
B) 0.4.
C) 0.6.
D) 2.5.
E) 6.0.

Correct Answer:

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