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Rea owns a bookshop and is a profit maximizer. She gives a discount of 10% to those less than 10 years of age and a
Rea owns a bookshop and is a profit maximizer. She gives a discount of 10% to those less than 10 years of age and a discount of 5% to those more than 65 years of age. From this pricing strategy we can conclude that demand is likely to be most elastic for those [ Select ] and least elastic for those [ Select ]
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