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Suppose that a Country Club is considering what price to charge for adults. They know that if they charge a price of $100 then 70 adults will join and if they charge a price of $120 then 50 adults will join. What is the absolute value of the price elasticity of demand for adults at this Country Club? 0.80 (Provide answer to the 2nd decimal point) This implies that golf is (elastic/unit elastic/inelastic) for adults at this Country Club