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my question 1. Calculate the appropriate elasticity coefficient in each case below and state whether it is ELASTIC, INELASTIC or UNIT ELASTIC (T /6): a.

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my question

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1. Calculate the appropriate elasticity coefficient in each case below and state whether it is ELASTIC, INELASTIC or UNIT ELASTIC (T /6): a. Daily purchases of Starbucks coffee in Mississauga rise from 20,000 to 25,000 in quantity when the price of Tim Horton's coffee increases from $1.85 to $2.00. (3 marks) b. A fall in the average price of XBOX games from $50 to $45 causes quantity demanded to increase from 8,000 to 11,000 per month

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