Elasticity - Example in class. P = 1.20, Q* = 4200. Move to P=1.60, Qd=3400, Qs=5000. What is the price elasticity of dema

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter19: Elasticity
Section19.1: Elasticity: Part 1
Problem 1ST: On Tuesday, the price and quantity demanded are 7 and 120 units, respectively. Ten days later, the...
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Elasticity - Example in class.
P* = 1.20, Q* = 4200. Move to P=1.60, Qd=3400, Qs=5000. What is the price elasticity of demand
Transcribed Image Text:numerical question Elasticity - Example in class. P* = 1.20, Q* = 4200. Move to P=1.60, Qd=3400, Qs=5000. What is the price elasticity of demand
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