Recently, the price of a Kit Kat fell from $1.80 to $1.50.As a result, the quantity demanded of Mars Bars decreased from 1200 to 1000.What would be the appropriate elasticity to compute? What does your answer tell you?

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The Answer of Recently, the price of a Kit Kat fell from $1.80 to $1.50.As a result, the quantity demanded of Mars Bars decreased from 1200 to 1000.What would be the appropriate elasticity to compute? What does your answer tell you?

Recently, the Price of a Kit Kat Fell from $1