Question: A 5% percentage changes in price created 12% changes in demand. Find price elasticity of demand. a. 5.3 b. 2.4 c. 3.5 d. 4.2

A 5% percentage changes in price created 12% changes in demand. Find price elasticity of demand.

a. 5.3

b. 2.4

c. 3.5

d. 4.2

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