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    Price Elasticity

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    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.

    © BrainMass Inc. brainmass.com February 24, 2021, 2:25 pm ad1c9bdddf
    https://brainmass.com/economics/elasticity/price-elasticity-demand-19279

    Solution Summary

    The solution answers the question(s) below.

    $2.19

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