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Author Question: Refer to the information provided in Figure 5.3 below to answer the question(s) that follow. Refer ... (Read 34 times)

berenicecastro

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Refer to the information provided in Figure 5.3 below to answer the question(s) that follow.










Refer to Figure 5.3. Use the midpoint formula. If the price of a gardenburger decreases from $9 to $8, the price elasticity of demand equals ________ and demand is ________.


◦ 6.33; elastic
◦ -0.16; inelastic
◦ -6.33; elastic
◦ -19.0; inelastic


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Marked as best answer by berenicecastro on Apr 19, 2019

AaaA

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berenicecastro

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


Sarahjh

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Reply 3 on: Yesterday
Excellent

 

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