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Business, 11.02.2021 17:30 reyne36

A product priced at $5 has annual sales of 1,000 units. When price is reduced to $4, quantity increases to 1,250 units. Other things unchanged, the price elasticity of demand for the product is:

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A product priced at $5 has annual sales of 1,000 units. When price is reduced to $4, quantity increa...
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