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Suppose That Bobo Purchases 1 Pizza Per Month When the Price

Question 11

Multiple Choice

Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the price elasticity of Bobo's demand curve?


A) 0.235
B) 2.00
C) 4.25
D) 6.33

Correct Answer:

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