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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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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
