There are 4 factors that influence the price elasticity of demand:
2-4 paragraphs
In a 2–4 paragraph Discussion Board post, discuss the following:
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Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon to $3.50 a gallon. Your usage of paint drops from 35 gallons a month to 20 gallons a month. Perform the following:
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