Answered: Patty's Putts increased the price of a…

Patty's Putts increased the price of a round of miniature golf by 66.0% . Patty has calculated her price elasticity of demand at −0.57 By what percentage has the number of golfers changed?

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 16SQ

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Patty's Putts increased the price of a round of miniature golf by 66.0% . Patty has calculated her price elasticity of demand at −0.57

By what percentage has the number of golfers changed?

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