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Posts: 192
3 weeks ago


Table 5.2


Refer to Table 5.2. A change in the price of calculators caused the change in quantity demanded shown in the table. The price elasticity of demand for calculators, using the initial-value formula, is:

▸ 25.

▸ 1.75.

▸ 0.75.

▸ 0.25.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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3 weeks ago
0.75.
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