Question: Please help with this practice question. show work. Uber cuts the price ofa ride in Oakland by 20%. After the price cut, the quantity of

Please help with this practice question. show work.

Uber cuts the price ofa ride in Oakland by 20%. After the price cut, the quantity of rides demanded increases by 25%. This implies that the absolute value of the price elasticity of demand is and that demand is (elastic / inelastic / unit elastic)

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