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In 2018, WePlay Games raised the price of its monthly subscription from $5 to $7.50, and the number of subscribers fell by 10%. In 2019,

In 2018, WePlay Games raised the price of its monthly subscription from $5 to $7.50, and the number of subscribers fell by 10%. In 2019, it raised the price again from $7.50 to $10.00, and its revenue increased by 5%.

a)What was the price-elasticity of demand for WePlay Games' product in 2018?

b)What was the price-elasticity of demand for WePlay Games' product in 2019?

c) What might explain the difference in the elasticities in 2018 and 2019?

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