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How decide of the price elasticity of the demand

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Reference no: EM132537064

Question 1: The Sugar Plum Inn has a fixed dinner plate charge of $8.75 and 3,000 patrons were served in June. The F&B manager has just increased the price of the fixed dinner plate to $9.25 and 2,900 patrons are served in July. By showing your calculations, decide of the price elasticity of this demand (elastic or inelastic).

Reference no: EM132537064

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