If the price of a hardback novel increases from 25 to 30, Macroeconomics

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If the price of a hardback novel increases from 25 to 30

If the price of a hardback novel increases from $25 to $30 and quantity demanded falls from 60,000 to 30,000 in response, what is the coefficient of price elasticity of demand using the simplest definition of price elasticity? a. 0.25 b. 1 c. 1.25 d. 2.50 e. 3 9.

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Macroeconomics: If the price of a hardback novel increases from 25 to 30

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Macroeconomics: If the price of a hardback novel increases from 25 to 30

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