Assignment 2 - (Q1 Q2/2 ⁼-0.6 p2-p1(p1 p2/2 Cross Price elasticity change in Quantity demanded for Robo Gizmo

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Arc Price Elasticity Q2-Q1 25000 (Q1+Q2)/2 312500 p2-p1 -50 (p1+p2)/2 375 %change in Q Q2-Q1 0.08 (Q1+Q2)/2 % change in P P2-P1 -0.13 (p1+p2)/2 Q2-Q1 Arc Price Elasticity
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Unformatted text preview: (Q1+Q2)/2 ⁼-0.6 p2-p1 (p1+p2)/2 Cross Price elasticity change in Quantity demanded for Robo Gizmo...
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This note was uploaded on 09/27/2011 for the course FINACE 6710 taught by Professor Homaifar during the Spring '11 term at Middle Tennessee State University.

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