A retailer originally priced a private-label portable DVD player at $99 and sold 1,200 units per week.After raising the price to $120,sales dropped to 1,000 units per week.What would the item's price elasticity be?
A) -2.4005
B) 2.4005
C) -3
D) 3.33
E) -.7855
Correct Answer:
Verified
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