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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Little Dicky Lemons operates a lemonade stand. Yesterday he sold 10 cups when he charged $1.00 per cup. Today he lowered his price to 80 cents, and sold 14 cups. What's the price elasticity of demand?
A) .50
B) 1.0
C) 2.0
D) 4.0
E) 8.0
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
Thanks for the feedback Slight Smile
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