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When the price of Samsung cell phones increased by 10%, Apple sold 5% more cellphones. Calculate and interpret this elasticity. How price sensitive is

When the price of Samsung cell phones increased by 10%, Apple sold 5% more cellphones. Calculate and interpret this elasticity. How price sensitive is Apple and why? When McDonald's increased the price of its drinks by 1%, sales of fries decreased by 2%. Calculate the appropriate elasticity and explain the relationship between drinks and fries at McDonald's.

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