Feelgood pharmaceuticals has developed a new treatment for, Business Economics

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Feelgood pharmaceuticals has developed a new treatment for

Feelgood pharmaceuticals has developed a new treatment for asthma. The tablets are sold individually. You study survey data and observe that if the tablet cost $5, then 100 tablets are demanded. You also observe that if the tablet cost$3, then 150 tablets are demanded. Can the price elasticity of demand be calculated? If so, calculate the PED. Is the PED elastic or inelastic.

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