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Author Question: The table below shows the demand schedule for museum admissions in a small city.Price(per visit per ... (Read 91 times)

Facerro

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on: Oct 12, 2022

Question 1

The table below shows the demand schedule for museum admissions in a small city.

Price
(per visit per person)		Quantity Demanded
(thousands of person-visits per year)
$10  2
 $8  4
 $6  6
 $4  8
 $2 10

TABLE 4-1

Refer to Table 4-1. Between the prices of $8 and $10, the elasticity of demand is
◦ 3.
◦ 1.
◦ 2/3.
◦ 1/3.
◦ 2.

Question 2

The table below shows the demand schedule for museum admissions in a small city.

Price
(per visit per person)		Quantity Demanded
(thousands of person-visits per year)
$10  2
 $8  4
 $6  6
 $4  8
 $2 10

TABLE 4-1

Refer to Table 4-1. Between the prices of $4 and $6 the price elasticity of demand is
◦ 1.40.
◦ 1.00.
◦ 0.71.
◦ 0.40.
◦ 0.50.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Facerro on Oct 12, 2022

breounasmoot

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Facerro

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Reply 2 on: Oct 12, 2022
Excellent

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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