50 points!! Will mark as brainliest (please help)
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Use the following formula to answ...
Physics, 12.10.2021 09:30 kerryjenkins300
50 points!! Will mark as brainliest (please help)
~~
Use the following formula to answer the following equations.
Elasticity = % change in QD
% change in Price
% Change = Original Number- New Number X 100
Original Number
Find if the demand for the good using the equation then figure out if the good is elastic, inelastic, or unitary elastic.
REMEMBER: E>1 ELASTIC
E<1 INELASTIC
E=1 UNITARY ELASTIC
Solve the following problems.(3 points each)
The price of Coke changes from $1.00 to $1.50 and the quantity from 2 to 1/2 what would the elasticity be? What kind of product is it? How do you know?
Answers: 3
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