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Chanta35 Chanta35
wrote...
Posts: 379
5 years ago
Suppose that when the price of donuts rises 10%, the quantity demanded of donuts falls 3%. Based on this information, what is the approximate absolute price elasticity of demand for donuts?
A) 3.33
B) 0.3
C) 30
D) 1.3
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Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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5 years ago
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Chanta35 Author
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5 years ago
Marking this solved, moving on to the next...
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