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Other Fields Homework Help Economics Topic started by: hkk on Aug 20, 2018



Title: If the price of good A increases from $15 to $20 per unit and quantity demanded falls from 150 to ...
Post by: hkk on Aug 20, 2018
If the price of good A increases from $15 to $20 per unit and quantity demanded falls from 150 to 100 units, then by using the method of average values, we can calculate the absolute price elasticity of demand to be
A) 2.6.
B) 0.75.
C) 1.4.
D) 2.4.


Title: If the price of good A increases from $15 to $20 per unit and quantity demanded falls from 150 to ...
Post by: Marctheshark on Aug 20, 2018
 C