Question: Question 10 (1 point) If in response to a 5% decline in price the units sold rose by 7%, then the price elasticity of demand

Question 10 (1 point)

If in response to a 5% decline in price the units sold rose by 7%, then the price elasticity of demand is

Question 10 options:

a)

 -2.0

b)

 -1.4

c)

 -0.71

d)

 -12

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