Mathematics, 07.12.2021 21:50 860jay

"Maria wants to buy a new jacket for each of her 5 siblings for their birthdays this year. The jackets were originally priced at $115 but when Maria goes Black Friday shopping, they are on sale for $80. With the sale, Maria can now afford to buy herself a new jacket as well as one for both of her parents. What is the price elasticity of demand for the jackets?" (please show work )

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