b. Given the following information of Good A and Good B. Price of Good A (RM) 2 4 6 8 10 12 Quantity Demanded for Good A (units) 150 120 100 90 80 60 Quantity Demanded for Good B (units) 100 80 60 50 40 20 Based on the table above, answers the following questions. Quantity Supplied for Good A (units) 30 60 90 120 150 180 i. Calculate the price elasticity of demand for Good A if the price of Good A increases from RM2 to RM6.

b. Given the following information of Good A and Good B. Price of Good A (RM) 2 4 6 8 10 12 Quantity Demanded for Good A (units) 150 120 100 90 80 60 Quantity Demanded for Good B (units) 100 80 60 50 40 20 Based on the table above, answers the following questions. Quantity Supplied for Good A (units) 30 60 90 120 150 180 i. Calculate the price elasticity of demand for Good A if the price of Good A increases from RM2 to RM6.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 8QFR

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