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The owner of Bond's Gym has paid you to carry out a survey of potential customers. You asked 600 potential customers what price they would
The owner of Bond's Gym has paid you to carry out a survey of potential customers. You asked 600 potential customers what price they would be willing to pay to join the gym. Then, the owner provided you data about the number of customers that can be admitted as members at each membership price.Is the demand curve shallow or steep? What does this mean about the elasticity of the demand for memberships?
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