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Business, 06.04.2020 16:55 dee3874

Suppose Hamilton decides that if the price of their blenders is $32, the quantity demanded will be 1,000 units, and if the price is $35, the quantity demanded will be 800. The price elasticity of demand for the good is approximately:

a. +0.41.
b. -0.44.
c. +0.34.
d. -0.34
e. +2.44.

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