Business, 10.03.2020 20:35 anrs14

When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After lowering the price to $1.35 each, 510 hot dogs are sold every day.
At the original price, what is the price elasticity of demand for a hot dog?

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When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After lowering the price...