48 At A Price Of 4 50 Pound People Buy 55 Pounds Of Chocolate Cream Candy At A Price 3345802

48. At a price of $4.50/pound, people buy 55 pounds of chocolate cream candy. At a price of $5.50/pound, people buy 45 pounds of chocolate cream candy. What is the price elasticity of demand for chocolate cream candy in this price range? a. 1.0 b. 10.0 c. 0.1 d. 0.67 e. none of the above

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