Suppose a local bank increases the fees they charge for their bank accounts by 20 percent....
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Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 40,000 to 20,000. What is price elasticity of demand for this bank's accounts? Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 40,000 to 20,000. What is price elasticity of demand for this bank's accounts?
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Price elasticity of demand Ed is calculated using the following formula chang... View the full answer
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