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6 Oct 2020
Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell from $42 to $38, what would be the elasticity of demand if the quantity demanded changed from:
a. 19 to 21
b. 27 to 33
c. 195 to 205
Ā
Using the midpoint formula for calculating the elasticity of demand, if the price of a good fell from $42 to $38, what would be the elasticity of demand if the quantity demanded changed from:
a. 19 to 21
b. 27 to 33
c. 195 to 205
Ā
Raushan RajLv8
9 Nov 2020