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KIC000065

# KIC000065 - WWimm.mmt".~mm.mm.mm.w.m_~.mm.~_‘wkh~_m1...

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Unformatted text preview: WWimm.mmt......-...._"......~mm...mm.mm...w.-...._._...m.._______~.mm...~_._____._‘wkh~__m1_. _ 7_...___,.....__...___._.__ _,_V ._ ___ ___ é Student: H Iusnmmr: kolﬁ'toom alkofahi Assignment: Hw (HG-1 } iDate:10="1'5-"09 Come: Eco 2301-05 t iTimo: 12:21 PM Book: I-Ittbbmcl-"O’Brien: Microeconomics i g 2e : 1 ]_ Refer to the diagram to the right. The absolute value of the price elasticity of demand at points a and b is I. What is the value obe'.’ Ia \$50 ‘23 \$20 ' v L: \$40 ‘. __ a.) \$30 Quantity Refer to the diagram to the right. Using the midpoint formula, calculate the absolute value 0! the price elasticity of demand between a andfl 2.5 0.32 9' 3.125 § = o 0.4 a AP 165 {)tttttttt) Page J ...
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