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Walmart notices that when it reduces the price of its Schick 4-pack Xtreme3 men's disposable razors from $7.12 to $5.97, weekly sales at a typical

Walmart notices that when it reduces the price of its Schick 4-pack Xtreme3 men's disposable razors from $7.12 to $5.97, weekly sales at a typical Walmart SuperCenter increase by 25%. a. Calculate own-price elasticity of demand for Schick Xtreme3 men's disposable razors. Show your work

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