Why even a well-maintained profitable motel shut down

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Q. When price is $1.00 of M&M chocolate, Mery buys 100 packets in one mouths. when the price increases to $1.25, she now buys 70 packets a mouths. What is the price alasticity of demand

Q. Why might even a well-maintained, profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

Reference no: EM1351076

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