When the price of tutti fruttis increases from R1.55 to R2.00, the quantity dema...
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When the price of tutti fruttis increases from R1.55 to R2.00, the quantity demanded decreases from 220 to 160. What is the price elasticity of demand for tutti fruttis in this price range? Use the formula for arc elasticity. (Ignore the negative sign and round off to 2 decimal places.)
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