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QUESTION
In a local market, the monthly price of Internet access service decreases from $40 to $30, and the total quantity of monthly accounts across all
In a local market, the monthly price of Internet access service decreases from $40 to $30, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000.What is the value price elasticity of demand, expressed as a positive number?__________.
(Round your answer to two decimal places.)
