Two consumers - John and Paul - are ordering strawberries online. Before looking at the price, they
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Question:
Two consumers - John and Paul - are ordering strawberries online. Before looking at the price, they each place their order. John says: "I'd like $10 worth of strawberries regardless of how many strawberries that gets me." Paul says: "I'd like 100 strawberries regardless of price. What do these two orders tell you about each consumer's price elasticity of demand?
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