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Refer to the figure. When the price is $2, according to the Original Demand Curve, what is the price elasticity of demand? (Hint: Report its
Refer to the figure. When the price is $2, according to the Original Demand Curve, what is the price elasticity of demand? (Hint: Report its absolute value, since own-price elasticities are always Price of a cup of coffee Original Supply $3.50 3.00 New Supply 2.50 2.00 1.50 1.00 $.50 New Demand Original Demand 0 10 20 30 40 50 60 70 Cups sold in an hour
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