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Why is the price of elasticity of demand if a price falls

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Why is the price of elasticity of demand if a price falls from $7 to $6.50. Show all work related to the answer. Is the answer A,B,C,D?;A).085;B) 1.08;C) 1.17;D) 1.27

 

Paper#26546 | Written in 18-Jul-2015

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