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Author Question: Interpretation of Price Elasticity of DemandThe table shows the quantity demanded for bouncy balls ... (Read 112 times)

ksmithunr

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on: Nov 23, 2022

Question 1

If the slope = -9, P=$3.25 and Qd=65, what is the point elasticity of demand? Round your final answer to two decimal places.
◦ -180
◦ -0.01
◦ -0.45
◦ -2.22

Question 2

Interpretation of Price Elasticity of Demand

The table shows the quantity demanded for bouncy balls at various prices.
PointPriceQuantity Demanded
A11040​
B21000​
C3960​
D4920​
E5880​
Using the midpoint formula, the price elasticity of demand between A and B is ________. At this point, the demand curve is ________ (elastic/inelastic). Round your final answer to two decimal places.
◦ -0.06, inelastic
◦ -208, elastic
◦ -208, inelastic
◦ -0.06, elastic
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by ksmithunr on Nov 23, 2022

Sophia0717

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Reply #1 on: Nov 23, 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: Nov 23, 2022
Thanks for the timely response, appreciate it

shewald78

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

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