Explain what is the price elasticity of demand

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The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60. What is the price elasticity of demand?

Reference no: EM13850662

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Explain what is the price elasticity of demand : The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60. What is the price elasticity of demand
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