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Bailey absolutely loves chew toys, but she wouldn't spend more than $50 for one. She has a downward sloping, linear demand for them which is
Bailey absolutely loves chew toys, but she wouldn't spend more than $50 for one. She has a downward sloping, linear demand for them which is unit elastic at a price of $30. What is her elasticity at a price of $35? Pa. Less than 1. b. Greater than 1. c. Not enough information. d. Equal to 1
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