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Posts: 209
3 weeks ago


Table 5.1


Refer to Table 5.1. A change in the price of hamburgers caused the change in quantity demanded shown in the table. The price elasticity of demand for hamburgers (calculated using the initial value formula) is:

▸ 0.25.

▸ 0.50.

▸ 1.

▸ 1.75.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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Posts: 224
3 weeks ago
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1.75.
1
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3 weeks ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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