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This is for an economics class. Can you help me calculate the advertising elasticity of demand? Last years sales: 118,322 units Last years advertising cost:

This is for an economics class. Can you help me calculate the advertising elasticity of demand?

Last years sales: 118,322 units

Last years advertising cost: $1364 per unit

Projected sales for current year: 150,000 units

Add 1% to advertising cost from lat year: $1377.64

Thanks!

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