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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 9
The price of a good rises from $8 to $12, and the quantity demanded falls from 110 to 90 units. Calculated with the midpoint method, the elasticity is
A) 1/5.
B) 1/2.
C) 2.
D) 5.
A) 1/5.
B) 1/2.
C) 2.
D) 5.
Explanation
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Price elasticity of demand through midpo...
Essentials of Economics 7th Edition by Gregory Mankiw
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