Sissy loves to eat sushi. Usually, Sissy consumed 20 sushi a week. But when the price of sushi raised from Php2.50 to Php3.00, Sissy can now only buy 16 sushi a week. 1. Calculate for the price elasticity. 2. Determine whether sushi is elastic, inelastic or unitary

Sissy loves to eat sushi. Usually, Sissy consumed 20 sushi a week. But when the price of sushi raised from Php2.50 to Php3.00, Sissy can now only buy 16 sushi a week. 1. Calculate for the price elasticity. 2. Determine whether sushi is elastic, inelastic or unitary

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 2CQQ: The price of a good rises from 8 to 12, and the quantity demanded falls from 110 to 90 units....

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Sample Problem
Sissy loves to eat sushi. Usually, Sissy consumed 20 sushi a
week. But when the price of sushi raised from Php2.50 to
Php3.00, Sissy can now only buy 16 sushi a week.
1. Calculate for the price elasticity.
2. Determine whether sushi is elastic, inelastic or unitary

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