If the price of product A increases from $80 to $100, the quantity demanded for product A will decrease from 1200 to 1000 o What is price elasticity of demand for product A ? If the market price of burger falls from $12 to $10, the quantity demanded for burger will be up from 1450 to 2000. o What is price elasticity of demand for burger with respect to a) original price of burger ? b) new price of burger ? c) midpoint-price of burger ?

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