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ahyukj ahyukj
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7 months ago

Exhibit 20-3



Price

of Good A

Quantity

Demanded

of Good A

Quantity

Supplied

of Good A

$5.50

5

55

$4.50

15

45

$3.50

25

35

$2.50

35

25

$1.50

45

15

$0.50

55

5


Refer to Exhibit 20-3. When price decreases from $4.50 to $3.50, the price elasticity of demand is



▸

0.4375.



▸

0.50.



▸

1.0.



▸

2.00.



▸

2.86.

Textbook 
Economics

Economics


Edition: 12th
Author:
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naj2008hnaj2008h
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7 months ago
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ahyukj Author
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7 months ago
Helped a lot
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This helped my grade so much Perfect
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this is exactly what I needed
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