question archive Suppose the gate fee at a national park increase from $25 while no other variable change
Suppose the gate fee at a national park increase from $25 while no other variable change
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Suppose the gate fee at a national park increase from $25 while no other variable change. In consequence, the daily quantity of visitors decreases from 2,200 to 1,800. Calculate the absolute value of the price elasticity of demand.
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