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Answer to Question #126310 in Macroeconomics for Mudasir ali
Question #126310
two software engineers ali and ahmed each engineer up to buy a public domain from Microsoft corporation to develop business software. Before looking at the price, each places an order. Ali says, "i'd 10$." Ahmed says,"i' like worth of 10$." what is each engineer price elasticity of demand?
Expert's answer
To calculate each engineer price elasticity of demand we need also know the quantities demanded at each price.
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