Find the elasticity of demand if 
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Definitions:
Rational Expectations Theory
The hypothesis that individuals make predictions about future economic activities based on past and current information and act rationally on those expectations.
Anticipation
The act of expecting or foreseeing something, often involving preparatory action or adjustments based on predictions about future events or trends.
Inflation
The speed at which the overall price level of goods and services increases, diminishing buying power.
Monetarists
Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, as well as on inflation.
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