Answered: 2. Zulaikha and Ker Xin went to a shop…

2. Zulaikha and Ker Xin went to a shop to buy rice. Zulaikha wanted to buy 10kg of rice and Ker Xin wanted to buy RM20 worth of rice. Find the price elasticity of demand for each of them.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 1QR

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Question

2. Zulaikha and Ker Xin went to a shop to buy rice. Zulaikha wanted
to buy 10kg of rice and Ker Xin wanted to buy RM20 worth of
rice. Find the price elasticity of demand for each of them.

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