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You run a hotel and you have determined that if you lower the price of your rooms 15% you will be able to rent 20%

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You run a hotel and you have determined that if you lower the price of your rooms 15% you will be able to rent 20% more rooms each month a. What is your price elasticity of demand for hotel rooms? b. If you want to maximize your revenue from renting out hotel rooms, what, if any changes should you make to the price

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