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Extra Credit Question (Up to 4 points) Perhaps this question looks easy. It isn't. A Company lowers its price for a certain product by 3%

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Extra Credit Question (Up to 4 points) Perhaps this question looks easy. It isn't. A Company lowers its price for a certain product by 3% and has an increase of 9% in revenue from the product. What is the Coefficient of Elasticity for this product. What, if anything, is difficult about this question? Even without calculating the Coefficient of Elasticity, can you tell me anything about the elasticity of Demand for this product? Type your answers and explanations hero and show your calculations

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