Answered: 4) When the weight of banana increases…

4) When the weight of banana increases from 600 dollar to 1000 dollar, the amount of banana demanded increases from 160 tons to 180 tons. Calculate the spring elasticity of the banana accordingly?

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 6CQQ: Over time, technological advance increases consumers incomes and reduces the price of smartphones....

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4) When the weight of banana increases from 600 dollar to 1000 dollar, the amount of banana demanded increases from 160 tons to 180 tons. Calculate the spring elasticity of the banana accordingly?

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