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mik1104 mik1104
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5 years ago
Owners of a taco shop finds that they can sell 150 tacos a day when the price of a taco is $1.20. When they price tacos at $1, they sell 170 tacos. The absolute value of the price elasticity of demand for tacos is
A) 0.69.
B) 1.45.
C) 1.00.
D) infinity.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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taneymctaneymc
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5 years ago
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mik1104 Author
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#2
5 years ago
Makes more sense now, have a good weekend!
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