When the price of shirts emblazoned with a college logo is $10, consumers buy 150 per week.

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When the price of shirts emblazoned with a college logo is $10, consumers buy 150 per week. When the price declines to $9, consumers purchase 200 per week. Based on this information, calculate the price elasticity of demand for logo-emblazoned shirts?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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