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What does this say about the elasticity of these puppets

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Reference no: EM133574189

Question: Tom Thumb's Finger Puppets decides to raise the price of their finger puppets. Presently the puppets sell for six dollars. The company wants to raise the price by 35%. They find that the demand for these puppets drops from 9,263 puppets per month to 7,874. What does this say about the elasticity of these puppets? Explain and show your math.

Reference no: EM133574189

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