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Price Elasticity of Demand Assignment | Homework For You

Q2- The price of a package of Reese’s Peanut Butter Cups rises from $1.00 to $1.25. As a result, the weekly quantity of Reese’s demanded falls from 10,000 to 9,000 packages. Homework For YouCalculate the price elasticity of demand using the average of the initial and new prices and quantities as the basis for figuring the percentage changes? Get Economics homework help today

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