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Using the arc price elasticity calculation method compute the price elasticity of demand and state whether the demand is elastic, unitary, or inelastic assuming the

Using the arc price elasticity calculation method compute the price elasticity of demand and state whether the demand is elastic, unitary, or inelastic assuming the following: the price of paperback books falls from $7.00 to $6.50 per book as the quantity demanded increases from 100 to 150 books

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