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Business, 27.10.2020 07:00 nshadow2920

Gary purchases 50 shirts when the price of one shirt is $4. When the price of shirts increases to $6, the quantity he purchases reduces to 20 shirts. What is the absolute value of Garyʹs arc elasticity of demand for shirts?

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Gary purchases 50 shirts when the price of one shirt is $4. When the price of shirts increases to $6...
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