Suppose the quantity of root beer demanded decreases from 105,000 litres per week to 95,000 litres...

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Suppose the quantity of root beer demanded decreases from 105,000 litres per week to 95,000 litres per week when the price rises by 5 percent. The price elasticity of demand is Select one: O A. 10. O B. 2.0. O C. 0.5. O D. 0.02. O E. 50. Suppose the quantity of root beer demanded decreases from 105,000 litres per week to 95,000 litres per week when the price rises by 5 percent. The price elasticity of demand is Select one: O A. 10. O B. 2.0. O C. 0.5. O D. 0.02. O E. 50.

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percentage change in quantity demanded Q2Q1Q1 percentage chan... View the full answer