(Answered) In a local market the monthly price of internet access

Economics

In a local market, the monthly price of Internet access service decreases from $20 per account to $10 per account, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unitelastic, or inelastic?

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Business Economics, Economics

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