Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
thanhha78 thanhha78
wrote...
Go to Answer
Posts: 1645
Rep: 0 0
7 years ago
Suppose that in a month the price of a gallon of milk increases from $2 to $2.50. At the same time, the quantity of gallons of milk demanded decreases from 100 to 80. The price elasticity of demand for gallons of milk (calculated using the midpoint formula) is approximately
A) 1.2.
B) 0.2.
C) 1.
D) 0.11.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
Read 75 times
1 Reply
Replies
Answer verified by a subject expert
Quinn1981Quinn1981
wrote...
#1
Top Poster
Posts: 772
Rep: 12 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

thanhha78 Author
wrote...

7 years ago
Thank you, thank you, thank you!
nsak
wrote...

Yesterday
Helped a lot
mcraver1
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  460 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 219
  
 308
  
 115
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?