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after calculating the price of elasticity, a show company increases their price of running shoes slighty. What can you infer about the price of elasticity for the shoes?
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after calculating the price of elasticity, a show company increases their price of running shoes slighty. What can you infer about the price of elasticity for the shoes?

User Westlee
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Answer:

The Elasticity Demand curve sloped forward and this will affect the price of commodity because when Supply increases, Demand also does.

User Ambrose Leung
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