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D Question 5 2 pts For a given product, when its price rises from $30 to $34, the quantity demanded falls from 2,000 to
Posted: Sat Feb 19, 2022 2:43 pm
by answerhappygod
- D Question 5 2 Pts For A Given Product When Its Price Rises From 30 To 34 The Quantity Demanded Falls From 2 000 To 1 (13.64 KiB) Viewed 68 times
D
Question 5 2 pts For a given product, when its price rises from $30 to $34, the quantity demanded falls from 2,000 to 1,600 units. The price elasticity of demand for this product is making the demand for this good in the price range between $30 and $34 1.78 elastic 0.56 inelastic 1.45. elastic 0.69: Inelastic