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What is the price elasticity of demand for a representative

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Reference no: EM132492076

Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,700,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?

Reference no: EM132492076

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