Illustrate what is aztec elasticity of demand

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Aztec Enterprises depends heavily upon advertising to sell its products. Management and Aztec is allowed to spend $2 million monthly or advertising, but no more than this amount. Each month, aztec spends exactly $2 million on advertising. What is aztec's elasticity of demand for advertising? Can you write the equation for Aztec's demand for advertising?

Reference no: EM1363366

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