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whatsupgirl16 whatsupgirl16
wrote...
Posts: 425
4 years ago


Table 5.3


Refer to Table 5.3. A change in the price of computers caused the change in quantity demanded shown in the table. The price elasticity of demand (calculated using the initial value formula) is:

▸ 4.

▸ 1.

▸ 0.25.

▸ 0.125.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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kamronetkamronet
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Posts: 406
4 years ago
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whatsupgirl16 Author
wrote...
4 years ago
Helps a lot... Now I'm ready for my quiz
wrote...
4 years ago


Table 5.3


Refer to Table 5.3. After calculating the price elasticity of demand for computers, we can say the demand for computers is:

▸ inelastic.

▸ upward sloping.

▸ elastic.

▸ unitary elastic.
wrote...
4 years ago
elastic.
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