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QUESTION
Gwartney, Stroup, Sobel, and Macpherson Economics: Private and Public Choice 11th ed. Suppose Trina bakes specialty cakes.
Gwartney, Stroup, Sobel, and Macpherson Economics: Private and Public Choice 11th ed. Suppose Trina bakes specialty cakes. She can sell 50 specialty cakes per week at $7 a cake, or 70 specialty cakes per week at $6 a cake. What is the demand elasticity for Trinas cakes?
