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Calculate the price elasticity of demand coefficient

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Reference no: EM132147863

Suppose the quantity of fish purchased by Mr Singh family is 21 kilos per year when the price is $11.50 per kilo and 17 kilos per year when the price is $20.50 per kilo. Calculate the price elasticity of demand coefficient for Mr. Singhs family.

Reference no: EM132147863

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