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sgy_89 sgy_89
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6 years ago
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.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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This site is awesome
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