How to find price elasticity demand
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p1=6
p2=7
%change in price= 7-6/6 *100
=16.67%
q1=30
q2=20
%change in quantity= 20-30/30*100
= -33.33%
price elasticity of demand=%change in quantity/%change in price
=-33.33/66.67
=-0.49
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