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3.Consumer demand for an item when the price is Rp. 500 per unit is 60 units. Due to an increase in the cost of transporting

3.Consumer demand for an item when the price is Rp. 500 per unit is 60 units. Due to an increase in the cost of transporting goods, causing the price of goods to rise to Rp.600 per unit, consumer demand fell to 50 units.

Question:Calculate the elasticity of demand for the price of the good and explain the factors that determine the elasticity of demand!

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