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A craftsman who makes guitars by hand finds that when he prices his guitars at $700, his annual revenue is $6 comma 300. When he
A craftsman who makes guitars by hand finds that when he prices his guitars at $700, his annual revenue is $6 comma 300. When he prices his guitars at $600, his annual revenue is $6 comma 000. Part 2 Over this range of guitar prices, does the craftsman face elastic, unit-elastic, or inelastic demand
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