_2. A poultry rancher discovered that when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of her eggs fell from 300 dozen per week to 200 dozen per week. Her price elasticity of demand (using the midpoint method) would be: A) B) C) D) 2.60. 1.40. 0.75. 2.40. Show your work here Formula Calculation Answer Eggs are INELASTIC ELASTIC UNITARY ELASTIC (circle one)
_2. A poultry rancher discovered that when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of her eggs fell from 300 dozen per week to 200 dozen per week. Her price elasticity of demand (using the midpoint method) would be: A) B) C) D) 2.60. 1.40. 0.75. 2.40. Show your work here Formula Calculation Answer Eggs are INELASTIC ELASTIC UNITARY ELASTIC (circle one)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 8SQ: The president of Tucker Motors says, Lowering the price wont sell a single additional Tucker car....
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Transcribed Image Text:_2. A poultry rancher discovered that when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of
her eggs fell from 300 dozen per week to 200 dozen per week. Her price elasticity of demand (using the midpoint method)
would be:
A)
B)
C)
D)
Show your work here
2.60.
1.40.
0.75.
2.40.
Formula
Calculation
Answer
Eggs are INELASTIC ELASTIC UNITARY ELASTIC (circle one)
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