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According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of information one can send over an internet connection) increases 10%, commercial
According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of information one can send over an internet connection) increases 10%, commercial customers buy about 3.8% less capacity. What is the elasticity of demand for broadband access capacity for rms? The price elasticity of demand is . (Enter a numeric response using a real number rounded to two decimal places.)
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