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Economics

Assume that a men's dress shirt was selling at $100 in a store. After one week, the store sold only 50 shirts. Then the manager of the store declared a sale "buy one get one free". This resulted in a sale of 200 shirts in the following week. Calculate price elasticity of demand. What does the coefficient indicate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91856073

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