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The price of filet mignon rises from $60 per pound to $90 per pound. In response to this price change, the quantity demanded for filet
The price of filet mignon rises from $60 per pound to $90 per pound. In response to this price change, the quantity demanded for filet mignon falls by 60%. The absolute value of the price elasticity of demand for filet mignon is _____, and the price elasticity of demand is _____
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
