|
Title: Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity Post by: Tidy on Jun 21, 2015 Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity demanded falls from 800 to 600 reams per day. Using the midpoint formula, what is the price elasticity of demand (in absolute value) over this range?
A) 0.003 B) 0.41 C) 2.43 D) 4 Title: Re: Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quant Post by: Chimelo46 on Jul 30, 2015 Content hidden
Title: Re: Suppose that when the price per ream of recycled printer paper rises from $4 to $4.50, the quantity Post by: Chimelo46 on Aug 31, 2015 The textbook reference in your signature really helped me narrow it down.
Happy to help ;) |