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micro economics When the price of cafe lattes rises from R15 to R20, the quantity demanded decreases from 2000 to 1200 cafe lattes per day.

micro economics

When the price of cafe lattes rises from R15 to R20, the quantity demanded decreases from 2000 to 1200 cafe lattes per day. Use this information to answer the question. What is the price elasticity of demand for cafe lattes (using the arc formula)

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