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3. Calculate the Price elasticity of Demand for Popcorn at the movie theater when a price increase from $5.00 to $5.50 results in a decline

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3. Calculate the Price elasticity of Demand for Popcorn at the movie theater when a price increase from $5.00 to $5.50 results in a decline in purchases from 300 a night to 175 boxes 3 night. What is the Elasticity measure? (show your formula angi work)

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