You are given a market data that says when the price of a, Business Economics

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You are given a market data that says when the price of a

You are given a market data that says when the price of a bottle of aspirin is $10, the quantity demanded is 60 bottles. When the price is $8, the quantity demanded is 80 bottles. Can the price of elasticity of demand be calculated for aspirin? If so, calculate the PED. Is the PED elastic or inelastic.

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Business Economics: You are given a market data that says when the price of a

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