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Business, 25.03.2020 06:32 gabbym39077

Joe's Campus Grille priced its hamburgers at $2.00, they sold 200 per week. When the price was $3.00, they sold 150 per week. Based on this information and using the average-values formula, the absolute value of the price elasticity of demand for hamburgers is A. 2.00 B. 1.41 C. 0.50 D. 0.71 Based on the above calculation, demand for hamburgers is considered to be ▼ inelastic unit-elastic elastic .

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Joe's Campus Grille priced its hamburgers at $2.00, they sold 200 per week. When the price was $3.00...

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