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26 March, 10:48

Suppose that Bobo purchases 1 pizza per month when the price is $19 and 3 pizzas per month when the price is $15. What is the price elasticity of Bobo's demand curve?

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  1. 26 March, 14:44
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    Bobo's demand curve is elastic hence his purchasing ability is easily influenced by a slight change in the price of the product
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