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Question: suppose that in a week the price of spaghetti sauce...

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Suppose that in a week the price of spaghetti sauce decreases from $6.00 to $5.50 per jar. At the same time, the quantity of spaghetti sauce demanded at a typical grocery store increases from 2,000 to 3,000 jars per month. What is the price elasticity of demand for spaghetti sauce?

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