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A local firm produces three type of burger, for delivery to homes in the area. The owners have completed a survey and discover that the
A local firm produces three type of burger, for delivery to homes in the area. The owners have completed a survey and discover that the demand for each of the three type of burger. The schedules are shown below: (Quantitative are pre-week). Calculate the Price Elasticity demand (PED) for burger A, burger B and burger C when the price:
1.Increase from $ 9 to $10
2.Decrease from $8 to $6
To calculate the price elasticity demand. For each of calculation show the steps.
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