Question: Question 2 4 pts A coffee shop has found that when they charge $1.22 for a cup of coffee, they sell 240 cups per day.

Question 2 4 pts A coffee shop has found that when they charge $1.22 for a cup of coffee, they sell 240 cups per day. When they raise the price to $1.77, they sell 170 cups of coffee. Approximate the elasticity of demand for coffee at the price of $1.22. Round your answer to two decimal places. -0.65

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