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Sit-Stay-Sleep is thinking about decreasing room prices on the Deluxe Suite by 15% with the expectation that it will cause an additional 20 rooms to

Sit-Stay-Sleep is thinking about decreasing room prices on the Deluxe Suite by 15% with the expectation that it will cause an additional 20 rooms to be sold for 1 night. This change will result in total revenue of $16,069, up from previous total revenue of $14,925. Does this change signify elastic or inelastic demand and why

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