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Table 5-2 -Refer to Table 5-2

question 227

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Table 5-2
 Priea  Quintit $1000$8010$6020$4030$2040$050\begin{array} { | l | l | } \hline \text { Priea } & \text { Quintit } \\\hline \$ 100 & 0 \\\hline \$ 80 & 10 \\\hline \$ 60 & 20 \\\hline \$ 40 & 30 \\\hline \$ 20 & 40 \\\hline \$ 0 & 50 \\\hline\end{array}
-Refer to Table 5-2. Using the midpoint method, if the price falls from $80 to $60, the absolute value of the price elasticity of demand is

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Definitions:

CCA Class

A categorization under Canadian tax law that groups depreciable assets affecting the rate at which businesses can claim capital cost allowance for tax purposes.

Tourism Revenue

The income generated from tourists, including spending on accommodations, food, transport, and entertainment in the destination.

CCA Tax Shield

A tax deduction that allows businesses to depreciate the cost of tangible property or assets over time, reducing taxable income.

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