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A newspaper recently lowered its price from $5.00 to $3.00. As it did, the number of newspapers sold increased from 240,000 to 280,000. a. What

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A newspaper recently lowered its price from $5.00 to $3.00. As it did, the number of newspapers sold increased from 240,000 to 280,000. a. What was the newspaper's elasticity of demand? Instructions: Enter your response rounded to two decimal places. Price elasticity of demand is

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