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Sondos eyad Sondos eyad
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5 years ago
Suppose that the price of eggs increases from 75 cents to $1.00 per dozen and as a result a typical farmer experiences a decrease in egg sales from 300 to 200 dozen per week. Using the method of average values, the absolute price elasticity of demand is
A) 1.4.
B) 0.8.
C) 3.0.
D) 1.75.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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rhockeygirlrhockeygirl
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5 years ago
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Sondos e. Author
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#2
5 years ago
White Heavy Checkmark Correct!
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