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Danny “Dimes” Donahue is a neighborhood’s 9 year old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of 2.25 each, he sells 250. At a price of 1.75 each he sells 300. What is the elasticity of demand?
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Apositive number a or the same number a increased by 50% and then decreased by 50% of the result?
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