Solved: Is it elastic-inelastic-unitary elastic, Other Management

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Is it elastic-inelastic-unitary elastic

Problem: Suppose the price of apples rises from $3 a pound to $3.45 and your consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about the price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? Be sure to show the work you used to support your answer.

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Other Management: Is it elastic-inelastic-unitary elastic

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