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At a price of Taka 5, demand for a product is 1,000 but only 200 would be supplied, while, at a price of Taka 20,

At a price of Taka 5, demand for a product is 1,000 but only 200 would be supplied, while, at a price of Taka 20, demand for the product is 300 while 1,200 units would be supplied. Calculate the arc elasticity of demand and make a comment on your findings. [2]

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