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I need help with solving this question. 5. Calculate the demand elasticity coefficient if the average price of houses in Oshawa rose from $548000 to

I need help with solving this question.

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5. Calculate the demand elasticity coefficient if the average price of houses in Oshawa rose from $548000 to $652000, and as a result the quantity of houses sold increased from 1200/month to 1325/month. (2 marks) b. What does this suggest about the product? (1 mark)

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