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Retnec Retnec
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7 years ago
Suppose that when the price of milk is increased by 25 percent the quantity demanded declines by 20 percent. The coefficient of demand elasticity is equal to
A) 0.45.
B) 0.80.
C) 1.25.
D) 0.05.
E) 5.00.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Retnec Author
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7 years ago
Smart ... Thanks!
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