What is absolute value of the price elasticity of demand

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if a men's store sells 30 ties a day with a $5 price, but sold 50 ties per day when price dropped to $3, what's the absolute value of the price elasticity of demand?

If the price of a good is increased by 15%, and quantity demaned falls by 20%, what is the elasticity of demand?

If a good has a price inelastic demand, what are the characteristics of this?

a tax imposed on the sellers of a good will raise the what?

Reference no: EM131096752

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