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Title: If a 20 percent reduction in the price of ZOLT cola brings a 40 percent increase in the quantity ... Post by: sgy_89 on May 25, 2017 If a 20 percent reduction in the price of ZOLT cola brings a 40 percent increase in the quantity demanded, then the coefficient of demand elasticity is
A) 2.0 and demand is elastic. B) .5 and demand is inelastic. C) 2.0 and demand is inelastic. D) .5 and demand is elastic. Title: Re: If a 20 percent reduction in the price of ZOLT cola brings a 40 percent increase in the quantity ... Post by: folioge on May 25, 2017 Content hidden
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