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Suppose the demand curve for a product is given by Q=122P+3Ps where P is the price of the product and PS is the price of

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Suppose the demand curve for a product is given by Q=122P+3Ps where P is the price of the product and PS is the price of a substitute good. The price of the substitute good is $2.80. Suppose P = $0.80. The price elasticity of demand is :|. (Enter your response rounded to two decimal places.)

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