wrightstain6230 wrightstain6230
  • 15-02-2024
  • Business
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Suppose the price of a handbag is reduced from $100 to $90. The quantity demanded increases from 50 units to 60 units. What is the price elasticity of demand for handbags in this price range?
A) 1.2
B) 1.5
C) 0.8
D) 2.0

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