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Question: So if the price of a Blackberry went up from $500 to $1000, and the Qty demanded declined from 2million to 1.5million. Calculate the

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So if the price of a Blackberry went up from $500 to $1000, and the Qty demanded declined from 2million to 1.5million.

Calculate the price elasticity of demand for Blackberry.

How would you show or represent the calculations and are the Blackberry's elastic or inelastic based on the calculations.

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