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whipped whipped
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7 years ago
Which of the following is the formula to calculate arc elasticity of demand?
A) Arc elasticity of demand = [(Q2 - Q1) / (Q2/2)] / [(P2 - P1) / (P2/2)]
B) Arc elasticity of demand = [(Q2 + Q1) / (Q2/2)] / [(P2 + P1) / (P2/2)]
C) Arc elasticity of demand = [(Q2 - Q1) / (Q2+ Q1)/2] / [(P2 - P1) / (P2 + P1)/2]
D) Arc elasticity of demand =[(Q1 - Q2) / (Q2 + Q1)] / [(P1 - P2) / (P2 + P1)]
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Microeconomics

Microeconomics


Edition: 1st
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SimplemanSimpleman
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7 years ago
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whipped Author
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7 years ago
Good timing, thanks!
smi3
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This site is awesome
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2 hours ago
Thanks
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