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In a recent example we worked with, a Company lowered its price for a certain product by 6% and had an increase of 12% in

In a recent example we worked with, a Company lowered its price for a certain product by 6% and had an increase of 12% in revenue from the product.

Please calculate the Elasticity of Demand for this product.What is so difficult about this question?What can you tell me about the Elasticity, even without the calculation?

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