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When the blue ocean surfboard company

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When the Blue Ocean Surfboard Company lowered the price of surfboards by 20 percent, it sold 10 percent more surfboards. The price elasticity coefficient for surfboards is___:

a. .05

b. 10

c. 1

d. 2

e. 20

How do I find price elasticity coefficients? (formula)

Reference no: EM132294127

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