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Calculate the price elasticity of demand between points C and D (the price increases from $5 to $6). Say whether the demand is elastic or inelastic. | Study.com
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Elasticities 1. price elasticity of demand (Chapter 6, 7th edition) Law of Demand A business firm does not care whether more demand comes from James Bond or from the First Lady unless they are trendsetters. The firms are concerned with the market ...
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