Illustrate an example of legal-regulatory environment

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Q. Illustrate which of the following is an example of the legal/regulatory environment surrounding advertising also promotional activities of businesses?

Q. When the price of cell phones is $50.00, the quantity demanded is 3000. When the price of cell phones is $100.00, the quantity demanded is 2000. The price elasticity of demand for cell phones between the prices $50.00 and $100.00 is how much?

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