Suppose that at a price of $8, 13,600 units were sold while at a price of $6, 15,200 units were sold. Without calculating the value of price elasticity of demand , can you determine whether demand is elastic, unit elastic, or inelastic between the price of $6 and the price of $8?
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Suppose that at a price of $8, 13,600 units were sold while at a price of $6, 15,200 units were sold...
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