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1.Explain how regression results and arc elasticity measures can be used to derive measures of elasticity, which can then be used to estimate demand. 2.Across

1.Explain how regression results and arc elasticity measures can be used to derive measures of elasticity, which can then be used to estimate demand.

2.Across (a) personal and (b) business users of this product (assuming that business users have more inelastic demand), apply own elasticity of demand as a quantitative tool to forecast changes in revenues, prices, and/or units sold.

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