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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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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
