Suppose the price of gasoline decreases from 3 80 to 2 50 and in response quantity demanded increases from 10000 to 11400 Using

Question

Suppose the price of gasoline decreases from 3 80 to 2 50 and in response quantity demanded increases from 10000 to 11400 Using the mid point formula what is the price elasticity of demand Note your answer should be correct to two decimal places and be sure to express your answer as a positive number Your Answer

Kunduz · Accepted Answer

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