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Mina sells tuyo for P20.00 per pack and gets 200 packs quantity demanded. However, if she lowers her price to P15.00, demand would double. What

Mina sells tuyo for P20.00 per pack and gets 200 packs quantity demanded. However, if she lowers her price to P15.00, demand would double. What is the price elasticity of tuyo? (please explain thoroughly) If you were Mina, will you decrease the price of tuyo? (please explain thoroughly IN ESSAY FORM)

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