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Calculate the price elasticity of demand as the price of motor vehicles incresease from 920 to 1300 when income is 15000. Is the good elastic or inelastic

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 3SQP

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Calculate the price elasticity of demand as the price of motor vehicles incresease from 920 to 1300 when income is 15000. Is the good elastic or inelastic

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