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Author Question: FIGURE 4-2Refer to Figure 4-2. In diagram 1, the elasticity of demand over the price range $14 to $16 is (Read 137 times)

ksmithunr

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on: Oct 12, 2022

Question 1

Demand Schedule for Ski Tickets

Price
($)		Quantity Demanded
(no. of tickets)
120    0
110 100
100 200
  90 300
  80 400
  70 500
  60 600
  50 700
  40 800
  30 900
  201000
  101100
   01200

TABLE 4-2

Refer to Table 4-2. Price elasticity over the interval of the demand curve between prices of $90 and $70 is
◦ 1.0.
◦ -0.5.
◦ 0.5.
◦ 4.0.
◦ 2.0.

Question 2




FIGURE 4-2
Refer to Figure 4-2. In diagram 1, the elasticity of demand over the price range $14 to $16 is


◦ 0.
◦ less than 1.
◦ 1.
◦ greater than 1.
◦ infinity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by ksmithunr on Oct 12, 2022

jbsuccess1

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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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ksmithunr

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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