Question: Quick application of the formula: Given the demand function Q= 227 - 4P - 1PA + 0.3Y, where P= 15, PA = 10, and Y

Quick application of the formula: Given the demand function Q= 227 - 4P - 1PA + 0.3Y, where P= 15, PA = 10, and Y = 3,000, find the price elasticity of demand. Note: Round your result to three decimal positions. Type the value with no additional text or explanation.

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