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Economics

Presume the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.7 and a typical gasoline retailer enjoys sales of $1,450,000 yearly. What is the price elasticity of demand for a representative gasoline retailer's product?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225763

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