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QUESTION 2: PRICE ELASTICITY OF DEMAND The price of a good is $1.80 per unit and annual demand is 900,000 units. Market research indicates that

QUESTION 2: PRICE ELASTICITY OF DEMAND The price of a good is $1.80 per unit and annual demand is 900,000 units. Market research indicates that an increase in price of 15 cents per unit will result in a fall in annual demand of 85,000 units. What is the price elasticity of demand

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