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10 September, 16:24

We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is

a) 2.5

b) - 2.5

c) 0.4

d) 1.0

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Answers (1)
  1. 10 September, 16:47
    0
    the correct answer

    a) 2.5
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