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Calculate the price elasticity of demand for the following

Calculate the price elasticity of demand for the following products and state whether demand is price elastic, inelastic, orunit elastic,

a. Raw sugar prices rose by 3% and raw sugar consumption declinedby 2%.

b. A 10% increase in the price of cigarettes reduce smoking among8th to 10th graders by 10%.

c. The price of luxury cars increases by 4% while the quantitydemanded decreases by 8%.

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Macroeconomics: Calculate the price elasticity of demand for the following

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Macroeconomics: Calculate the price elasticity of demand for the following

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