What is the demand elasticity for mocha coffees

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Problem 1: Suppose that the daily demand for mocha coffees at Fourbucks is governed by the demand function qp-3pp = 1000. What is the demand elasticity for mocha coffees? Is the demand elastic or inelastic? Verify your answer from the definition of elasticity when = 3 and = 6.

Reference no: EM132982893

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