Solved: A physician group in texas has just increased its physician, Business Economics

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A physician group in texas has just increased its physician

A physician group in Texas has just increased its physician visit fee from 49 to 81. As a result, the volume of the visits has decreased from 2,374 to 614. What is the price elasticity of the physician visit? (hint: using the point estimate formula and keep one decimal space)

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Business Economics: A physician group in texas has just increased its physician

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