Does the price elasticity make sense, Operation Management

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Does the price elasticity make sense

Response to the following problem:

Suppose the price elasticity of demand for stocks is 1.5. This means that for every 10 percent increase in stock prices, the quantity demanded will decline by 15 percent. Does this price elasticity make sense? Explain.

Make sure you use enough details to support your answer.

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Operation Management: Does the price elasticity make sense

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