Price elasticity of demand for hot yoga class

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Sal's gym holds a hot yoga class with space for 20 people. When the price is $4.50, the class fills up completely. Seeing the desire, Sal raises the price to $5.50. But only 10 people come to the next class. What is the price elasticity of demand for the hot yoga class?

a) 0.20

b) 0.50

c) 3.33

d) 2.50

Reference no: EM131085907

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