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QUESTION 3 25 points Commodity Unit New Price Original Price $ 40.10 $150.00 Original Quantity...

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QUESTION 3 25 points Commodity Unit New Price Original Price $ 40.10 $150.00 Original Quantity 9,950 430 New Quantity 10.050 460 Shoes Watches Pair of shoes 1 per unit $ 39,90 S130.00 3a. Define price elasticity and income elasticity 3b. Find the elasticity coefficient for shoes and watches

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