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Calculate the elasticity of florida

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Reference no: EM131953677

A multimarket price discriminator sells its products in Florida or three times the price it sets in New York.

Assuming the firm faces the same constant marginal cost in each market and the price elasticity of demand in New York is -2.0, the demand in Florida hasprice, how do i calculate the elasticity of Florida, show me the steps, thank you.

Reference no: EM131953677

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