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thanhha78 thanhha78
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7 years ago
Suppose that in a month the price of a gallon of milk increases from $2 to $2.50. At the same time, the quantity of gallons of milk demanded decreases from 100 to 80. The price elasticity of demand for gallons of milk (calculated using the midpoint formula) is approximately
A) 1.2.
B) 0.2.
C) 1.
D) 0.11.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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7 years ago
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thanhha78 Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
dianeflunder
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Yesterday
Brilliant ツ
deathwing
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2 hours ago
this is exactly what I needed
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