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03-06-2023
Business

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If you would buy 2 hot dogs at a price of $2.00 each and 6 hot dogs if they were priced at $1.20 cents each, then using the method of average values your price elasticity of demand for hot dogs is Select one: a. 0.5. b. 1.0. c. 2.0. d. 4.0.

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