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emmainna [20.7K]
4 years ago
7

Using the formula

Business
1 answer:
cestrela7 [59]4 years ago
7 0

Answer:

Price elasticity = -2.5385

Explanation:

This means that an increase in the price has a negative impact in the quantity of the products demanded.

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the reserves of the bank are now short by 1,000

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You are the manager of a movie theater that is the only one in a local market, so you have strong market power. You have extensi
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The elasticity of demand for students and senior citizens are both inelastic but that of the students is greater than that of senior citizens. They are less responsive to price changes when compared with senior citizens.

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