In a local market, the monthly price of Internet access service decreases from $40 to $30,...

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In a local market, the monthly price of Internet access service decreases from $40 to $30,...

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 120,000 to 220,000.

What is the value price elasticity of demand, expressed as a positive number?

Is this demand inelastic or elastic ?

business economics

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