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Solve the elasticity of demand based on the hotel rate

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Reference no: EM132527082

Question 1: Solve the elasticity of demand based on the following hotel's rate and demand information and state your recommendations with the result. Please show all work.

Rate 1 - $163 Demand 1 - 205;

Rate 2 - $191 Demand 2 - 163

Reference no: EM132527082

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