Business, 13.05.2021 14:50 awdadaddda

A coffee kiosk at a local shopping mall has recorded the following information relating to the demand for its coffee. At a price of R10, it is able to sell 400 cups per week. At a price of R7, the quantity demanded is 750 cups per week. Calculate the price elasticity of demand for this kiosk and comment on whether the demand is price elastic or price inelastic. [Hint: Use the arc method for the calculation.]

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A coffee kiosk at a local shopping mall has recorded the following information relating to the deman...

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