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Author Question: Suppose the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls ... (Read 78 times)

dusk108

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on: Oct 12, 2022

Question 1

When the percentage change in quantity demanded is greater than the percentage change in price that brought it about, demand is said to be
◦ elastic.
◦ unit elastic.
◦ unelastic.
◦ inelastic.
◦ zero elastic.

Question 2

Suppose the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls from $1.25 to $0.75 per unit. The price elasticity of demand for this product is
◦ 3/2.
◦ 1.
◦ 2/3.
◦ 2.
◦ 1/3.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dusk108 on Oct 12, 2022

tharris7314

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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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dusk108

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

matt95

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

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