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1. Calculating the price elasticity of demand: A step-by-step guide Suppose that during the past year, the price of a laptop computer rose from $2,100

1. Calculating the price elasticity of demand: A step-by-step guide
Suppose that during the past year, the price of a laptop computer rose from $2,100 to $2,550. During the same time period, consumer sales decreased from 470,000 to 363,000 laptops.
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