In a local market, the monthly price of Internet access service decreases from $20 to $10, and

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In a local market, the monthly price of Internet access service decreases from $20 to $10, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-elastic, or inelastic?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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