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23 September, 19:23

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

+1
Answers (1)
  1. 23 September, 22:08
    0
    the correct answer

    a) 2.5
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