E think about whether you want to calculate it

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Unformatted text preview: ulate it ). Question 5 (a) Use the information in the HBDS case The Prestige Telephone Company to derive the commercial demand curve for the following scenario: suppose management feels that raising the commercial price to $1,000/hour will reduce demand by 20% while lowering the commercial price to $600/hour will raise commercial demand by 20%. (b) What is the price elasticity at the current commercial price of ?...
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