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Business, 01.07.2021 02:50 Longjeremiahs5797

When​ Elle's Espresso Bar increased its price by 10​ percent, the quantity of coffee that Elle sold decreased by 40 percent. When Elle and all her competitors cut their prices by 10​ percent, the quantity of coffee sold by Elle increased by only 4 percent.
The price elasticity of demand for​ Elle's Espresso Bar coffee is
nothing.

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When​ Elle's Espresso Bar increased its price by 10​ percent, the quantity of coffee that Elle sold...
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