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Of Elasticity Q9. The demand for gym memberships in a small rural community is Q = 360 2 P, where Q is the number of
Of Elasticity Q9. The demand for gym memberships in a small rural community is Q = 360 2 P, where Q is the number of monthly members and P is the monthly rate. AQ P E= AP*Q a. Calculate the price elasticity of demand for gym memberships when the price is $50 per month. b. Calculate the price elasticity of demand for gym memberships when the price is $100 per month
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