Answered: Q)The demand equation is QD= 15 – P. If…

Q)The demand equation is QD= 15 – P. If the price increases from P = £6 to P = £7, what is the price elasticity of demand?

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 4SQP

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Q)The demand equation is Q^D= 15 – P. If the price increases from P = £6 to P = £7, what is the price elasticity of demand?

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