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Business, 20.11.2020 14:00 TPug24

The demand curve suggests that an auto manufacturer will sell 20,000 Mercedes-Benz M-Class vehicles when they are priced at $50,800, but when the price is reduced to $45,000, that quantity will increase to 27,000 units. What is the resulting elasticity? a. -4.38
b. 6.73
c. -3.07
d. 1.24

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The demand curve suggests that an auto manufacturer will sell 20,000 Mercedes-Benz M-Class vehicles...

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