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Cincinnati Coffee Company estimates the price elasticity of its French roast whole bean coffee is -1.2. They currently sell 25,000 one-pound bags of coffee per

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Cincinnati Coffee Company estimates the price elasticity of its French roast whole bean coffee is -1.2. They currently sell 25,000 one-pound bags of coffee per year at a price of $12.99. If they lower the price of this coffee by $1.15, what would be the change in demand for the coffee? Your

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