Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Textbook Question
Chapter 6.1, Problem 1ST

On Tuesday, the price and quantity demanded are $7 and 120 units, respectively. Ten days later, the price and quantity demanded are $6 and 150 units, respectively. What is the price elasticity of demand between the $7 and $6 prices?

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