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Calculate price elasticity of demand when price rose

Paradise Planners sold deluxe Hawaiian winter vacation’s 170 packages at a price of $1900, although only 130 tourists signed up while the price increased to $2100. Such Hawaiian vacations have a price elasticity of demand approximately equal to: (1) 2.667. (2) 2.125. (3) 1.625. (4) 1.333. (5) 1.000.

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