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Elasticity is greater for the car

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If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is: greater for the car. Can you explain what formula is used here? I dont understand how they founded out that price elasticity is greater for the car.

Reference no: EM132389482

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