When price is $5 per unit, quantity demanded is 12 units

Economics Dec 18, 2020

When price is $5 per unit, quantity demanded is 12 units. When price is $6 per unit, quantity demanded is 8 units. The value of the absolute price elasticity of demand is approximately

a) 0.36

b) 4.00

c) 2.20

d) 1.82

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