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how to calculate price elasticity of demand if price changes from 1.75 to 2.5 and quantity falls from 60 to 50 is it elastic or
how to calculate price elasticity of demand if price changes from 1.75 to 2.5
and quantity falls from 60 to 50
is it elastic or inelastic.
I am not sure if quality would drop from 60 or increase though
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