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    Elasticity and linear aggregate demand

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    Elasticity can be defined as percentage change in demand for a 1% change in decision attribute. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer. ____

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    https://brainmass.com/economics/elasticity/elasticity-and-linear-aggregate-demand-574896

    Solution Summary

    Solution gives the formula for calculating price elasticity of demand.

    $2.19