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Use the price-demand equation p +0.001% = 50,0sps 50. Find the elasticity of demand when p= $15. If the $15 price is decreased by 7%,

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Use the price-demand equation p +0.001% = 50,0sps 50. Find the elasticity of demand when p= $15. If the $15 price is decreased by 7%, what is the approximate percentage change in demand? The elasticity of demand when p= 15 is (Type an integer or a simplified fraction) If the price is decreased by 7%, the demand approximately 11% (Type an integer or a simplified fraction) 0

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