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Calculate the following elasticities: Price: $100 decreases to $90 Quantity: 100 increases to 120. Explain the category of elasticity of this good. Price: $1 increase

Calculate the following elasticities:

Price: $100 decreases to $90

Quantity: 100 increases to 120.

Explain the category of elasticity of this good.

Price: $1 increase to $1.10

Quantity: 200 decreases to 180.

Explain the category of elasticity of this good.

Price: $1 increase to $1.50

Quantity: remains at 1000.

Explain the category of elasticity of this good.

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