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Business, 11.01.2021 16:10 ChloeLiz7111
Calculate the absolute value of the elasticity of demand for a rise in price from $8 to $9 (which is associated with a fall in the quantity demanded from 3 to 2)
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The food services division of cedar river amusement park inc. is studying the amount families who visit the amusement park spend per day on food and drink. a sample of 40 families who visited the park yesterday revealed they spent the following amounts: see worksheet 1 for data and answer the following questions: a. organize the data into a frequency distribution, using seven classes and 15 as the lower limit of the first class. what class interval did you select? b. what percent of families spent less than $45? c. what percent of families spent $55 or more? d. how many families spent from $65 to 74.99?
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Calculate the absolute value of the elasticity of demand for a rise in price from $8 to $9 (which is...
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