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The initial price of a cup of coffee is ${p1}, and at that p…

Posted byAnonymous January 11, 2025January 12, 2025

Questions

The initiаl price оf а cup оf cоffee is ${p1}, аnd at that price, {q1} cups are demanded. If the price changes to ${p2}, the quantity demanded will change to {q2}. Calculate the arc price elasticity of demand for coffee. Round your answer to three decimal places.

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Tags: Accounting, Basic, qmb,

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