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3. Using the method of Arc elasticity to solve for the demand elasticity of the market for sample bags with the following changes in the

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3. Using the method of Arc elasticity to solve for the demand elasticity of the market for sample bags with the following changes in the market occurred. a. (12 = 500; C11: 550 b.P2=10;P1=8 c. l2 = 200,11 = 250 Pr12 = 12; WE = 11 Przz = 9; Przl = 15 a. Show your solutions and interpret results

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