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For every P1.00 increase in price of the commodity X, the quantity demanded decreases by 5 units. Solve for the coefficient of price elasticity of
For every P1.00 increase in price of the commodity X, the quantity demanded decreases by 5 units. Solve for the coefficient of price elasticity of demand of the following:
- at the price of P4, which the quantity demanded is 100 units
- between the prices of P6 and P4.
- at the price of P8.
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