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Assuming elastic in demand is reported as an absolute value, a price elasticity of demand of 0.4 indicates what? The price elasticity of demand for

Assuming elastic in demand is reported as an absolute value, a price elasticity of demand of 0.4 indicates what?

The price elasticity of demand for business air travel is -80 and the price elasticity of demand for leisure air travel is -60. therefore, the demand for leisure air travel is?

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