=+to $30,000. Also calculate it when the price is $7. 8. A recent study determined the following

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=+to $30,000. Also calculate it when the price is $7. 8. A recent study determined the following elasticities for Volkswagen Beetles:

Price elasticity of demand = 2

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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