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At the same time the quantity of milk demanded at a typical

Suppose that in a week the price of milk decreases from $3.50 to $3.00 per carton. At the same time, the quantity of milk demanded at a typical grocery store increases from 10,000 to 12,000 cartons per month. What is the price elasticity of demand for milk?

Instructions: Round your response to one decimal place.

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Microeconomics: At the same time the quantity of milk demanded at a typical

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