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In a local market, the price of product X decreases from $20 to $12, and the total quantity of monthly accounts increases from 100,000 to 225,000 In a local market, the price of product X decreases from $20 to $12, and the total quantity of monthly accounts increases from 100,000 to 225,000 In a local market, the price of product X decreases from $20 to $12, and the total quantity of monthly accounts increases from 100,000 to 225,000 what is the price elasticity of demand for product X?

Demand for product X elastic, unit-elastic or inelastic?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299339

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