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Kamala's vacation cottage on the Vineyard rents for $3,000 a week, and she has 32 rentals a year. If she drops the rental price to
Kamala's vacation cottage on the Vineyard rents for $3,000 a week, and she has 32 rentals a year. If she drops the rental price to $2,700, she'll have 44 rentals a year. The price elasticity of demand for her cottage is _____ . Record your answer to the nearest 2 decimal points
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Introductory Business Statistics
Authors: Alexander Holmes , Barbara Illowsky , Susan Dean
1st Edition
1506699847, 9781506699844
