Page 1 of 1
The graph shows the demand for bicycles. Price of bicycles $450 400 350 300 250 200 150 100 10 20 30 40 50 60 70 10 Quan
Posted: Sat Feb 19, 2022 2:43 pm
by answerhappygod
- The Graph Shows The Demand For Bicycles Price Of Bicycles 450 400 350 300 250 200 150 100 10 20 30 40 50 60 70 10 Quan 1 (45.61 KiB) Viewed 58 times
The graph shows the demand for bicycles. Price of bicycles $450 400 350 300 250 200 150 100 10 20 30 40 50 60 70 10 Quantity of Wycles demanded (per day) The absolute value of the price elasticity of demand between $250 and $200 is 0.82, so this means that a 1% change in price will cause a % change in quantity demanded Your answer: Х