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Show the formula and the process, do NOT type, show all work on paper and graph it. 1. Donna, a highly motivated entrepreneur plans on

Show the formula and the process, do NOT type, show all work on paper and graph it.

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1. Donna, a highly motivated entrepreneur plans on applying for a business loan from Bank of America. She finds out that the percent change in price of business loans increased to 2% last month. This resulted in a 10% percent change in quantity demanded. What is the business loan's price elasticity

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