Elucidate how financial aid department determines student

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Q. You are a supplier of peanuts. Your research department estimates that the price elasticity of demand for peanuts is 2.5. By what percentage will quantity demanded rise if you lower price from $4 to $2?

Q. Provide examples of different tools businesses use to identify the elasticity of their different customers. Also elucidate how the financial aid department determines student elasticity.

Reference no: EM1361661

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