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Title: Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decreases Post by: Loraine on Jun 20, 2015 Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decreases from 100 pounds to 95 pounds. Using the midpoint method, what is the price elasticity of demand for flour? Is the demand for flour elastic or inelastic?
Title: Re: Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decre Post by: Smoooth on Aug 11, 2015 Content hidden
Title: Re: Suppose the price of flour increases from $0.80 to $1.00 a pound and the quantity demanded decreases Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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