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ECON6000 Economic Principles and Decision Making Module 3 - Assessment 2

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Problem B:

2. The Board asks you to investigate the following scenarios:
a. What is the price elasticity of demand when the price of the Schmeckt Gut Energy Bar increases from $1.00 to $2.00?
b. What is the price elasticity of demand when the price of the Schmeckt Gut Energy Bar is $1.50?

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