Question: my question 1. Calculate the appropriate elasticity coefficient in each case below and state whether it is ELASTIC, INELASTIC or UNIT ELASTIC (T /6): a.

my question 1. Calculate the appropriate elasticity coefficient in each case

my question

1. Calculate the appropriate elasticity coefficient in each case below and state whether it is ELASTIC, INELASTIC or UNIT ELASTIC (T /6): a. Daily purchases of Starbucks coffee in Mississauga rise from 20,000 to 25,000 in quantity when the price of Tim Horton's coffee increases from $1.85 to $2.00. (3 marks) b. A fall in the average price of XBOX games from $50 to $45 causes quantity demanded to increase from 8,000 to 11,000 per month

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