Having problem understanding the following help please..At \$6 per steak, consumers are willing to buy two steaks. At a price of \$2, consumers are willing to buy six steaks.  The elasticity of the market deman curve between P=\$6 and P=\$2 (dropping all minus signs) is a. 0.33b. 1.c  2.d. 4.

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Having problem understanding the following help please..

At \$6 per steak, consumers are willing to buy two steaks. At a price of \$2, consumers are willing to buy six steaks.  The elasticity of the market deman curve between P=\$6 and P=\$2 (dropping all minus signs) is

a. 0.33

b. 1.

c  2.

d. 4.

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Step 1

At the price of \$6 per steak, consumer is willing to buy two steak and at the price of \$2 per steak, consumer is willing to buy six steak.

Step 2

The elasticity of the market demand c...

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