A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its

A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its

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A shift in the demand curve for pretzels increases the price of pretzels from $1.25 to $1.75 and its quantity demanded from 30 million to 35 million. The price elasticity of demand for pretzels is _____.

$1.50 per pretzel
5 million pretzels per dollar
2.32
0.46
 
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