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The Price Elasticity of Demand

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What implicit assumptions would an researcher make regarding price elasticity of a magazine that was losing millions of dollars a yr and the CEO suggested raising the subcription price by 50%? The owner feels by raising prices you would lose a large % of subscribers.

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The Price Elasticity of Demand is demonstrated.

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The Price Elasticity of Demand measures the rate of response of quantity demanded due to a price change. The formula ...

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