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What is the elasticity of demand is it elastic or inelastic

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Reference no: EM13335160

Price change of shoes = 10%

Qty. Change of shoes purchased = 8%

What is the Elasticity of Demand? Is it elastic or inelastic?

 

Price Change of Auto’s = 15%

Qty. Change of Auto’s purchased = 20%

What is the Elasticity of Demand? Is it elastic or inelastic?

Reference no: EM13335160

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