(Answered) Shep goes to his favorite coffee shop every morning and

Management Studies

Shep goes to his favorite coffee shop every morning and always buys one large latte, no matter whether there is a special or not (e.g. half price Mondays). What is his price elasticity of demand for lattes? (It did not give me any numbers, Consider different scenarios for price and quantity demanded. Then use these to calculate the price elasticity.)

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