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Calculating the price elasticity of demand - A step-by-step guide Suppose that during the past year, the price of a laptop computer fell from $2,350 to $1,930

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Calculating the price elasticity of demand - A step-by-step guide

Suppose that during the past year, the price of a laptop computer fell from $2,350 to $1,930. During the same time period, consumer sales increased from 436,000 to 537,000 laptops.

Calculate the elasticity of demand between these two prices.